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Enso (ENSO): Blockchain Development Framework and Shared Execution Network

Enso is a blockchain development framework and shared execution network that simplifies building, launching, and operating onchain apps through reusable building blocks called Actions and Shortcuts. Founded by Connor Howe in 2021, this platform has raised $9.2 million from Polychain Capital, Multicoin Capital, and The Spartan Group to eliminate manual smart contract integrations and let developers focus on product and growth. What is Enso (ENSO)? Enso is a blockchain development framework designed to simplify building, launching, and operating onchain applications and protocols. The platform abstracts away technical blockchain complexity through Actions and Shortcuts, letting developers and product teams focus on product, distribution, and growth rather than dealing with low-level contract integrations and cross-chain fragmentation. Enso addresses manual and repetitive blockchain integrations that lead to wasted developer time and high costs. The platform solves the complexity of maintaining, integrating, and updating multiple smart contracts across chains, and eliminates security and audit overhead where every project needs to reimplement core logic. Core Innovation: Enso creates a library of abstracted Actions (swap, lend, borrow, mint NFT) that can be instantly composed and reused, plus a shared execution network for optimal routing and validation. Projects spend minimal time on integration and maintenance, avoid redundant security audits, and can quickly launch or pivot without blockchain engineering bottlenecks. Who Created Enso (ENSO)? Enso was founded by Connor Howe, who serves as CEO and principal architect for the platform, with expertise in decentralized finance, smart contract tooling, and composable onchain infrastructure. Connor Howe (Co-founder & CEO): ● Over 9 years of experience as a crypto builder, specializing in DeFi and smart contract development ● Began crypto career writing Solidity in Mist Wallet ● Previously launched a social trading product that evolved into Enso after facing integration and maintenance hurdles in DeFi ● Responsible for Enso's strategy, architecture, and continuous development Key Team Members: ● Core team has backgrounds in building decentralized exchanges, strategy routers, and DeFi automation infrastructure across Ethereum and BSC (Binance Smart Chain) ● Team includes seasoned builders with prior experience in major crypto protocols and DeFi product launches The team combines expertise from established crypto platforms and VC-backed projects with focus on decentralized exchange development and automation tools. What VCs Back Enso (ENSO)? Enso has raised approximately $9.2 million across private, strategic, and public funding rounds from crypto venture capital firms and prominent angel investors. Funding Rounds: ● Strategic Round: Raised $5 million with participation from top-tier investors ● Additional Round (June 2024): Raised $4.2 million with venture and angel support ● Public Token Sale: Ran on CoinList from June 12-26, 2025 Major Venture Capital Backers: ● Polychain Capital ● Multicoin Capital ● The Spartan Group ● IDEO CoLab Ventures ● The LAO DAO ● Hypersphere Ventures ● P2P Capital Notable Angel Investors: ● Kain Warwick (Founder of Synthetix) ● Stani Kulechov (Founder of Aave) ● Ryan Selkis (Founder of Messari) ● Naval Ravikant ● 60+ individual angels from protocols including Safe, Socket, Titan, Sygnum, The Graph, Alchemix, Yearn, and Flashbots How Enso (ENSO) Works Enso operates through several technologies that make blockchain app development accessible without complex coding. Actions: Reusable Building Blocks Actions represent individual blockchain operations packaged as simple building blocks. Each Action covers tasks like swapping tokens, lending, borrowing, minting NFTs, or fetching data. Developers can use these pre-made Actions instead of writing new blockchain code for each operation. Shortcuts: Composable Workflows Shortcuts combine multiple Actions into custom workflows. For example, a Shortcut could chain "Swap token A for B" + "Deposit B into lending" + "Mint NFT as proof." These Shortcuts are reusable, shareable, and enable rapid prototyping without custom integration work. Shared Execution Engine All blockchains and Actions route through a unified shared engine that handles execution, validation, and cross-chain logic. The process works in four steps: 1. User or app submits an intent (request) to Enso 2. Graphers (specialized network participants) compete to find the best route and method for fulfillment across chains and protocols 3. Validators check the proposed solution for correctness and security 4. Engine executes the workflow, abstracting away blockchain selection and contract integration Multi-Chain Support Enso operates as a blockchain-agnostic platform supporting Ethereum and other EVM-compatible networks. The shared engine abstracts Actions across different blockchains, enabling apps to compose DeFi, NFT, or protocol flows regardless of underlying chain. Developer Tools and Templates The platform provides APIs for integration, no-code builders for composing Actions without direct coding, and pre-built templates for instant launch. Over 100 apps, 250 protocols, and nearly 2,000 developers currently use Enso infrastructure. You can access the platform at enso.build and explore documentation at docs.enso.build. Enso Token (ENSO) and Economics The ENSO token is a governance and validation token securing network operations, enabling decentralized governance, and incentivizing validators and contributors. Token Details ● Token Name: Enso ● Token Symbol: ENSO ● Genesis Supply: 100,000,000 ENSO (100 million) ● Maximum Supply: 127,339,703 ENSO with initial annual inflation at 8%, gradually decaying to 0.35468% by year 10, then ceasing ● Blockchain Deployment: Ethereum (ERC-20) and BNB Chain (BEP-20) Token Distribution ● Investors: 31.305% (31,305,000 ENSO) - Strategic VC, private round, and public sale participants; 1-year cliff, then linear vesting over 24 months ● Team: 25.000% (25,000,000 ENSO) - Core contributors, developers, and long-term protocol incentives; 1-year cliff, then linear vesting over 24 months ● Ecosystem: 21.590% (21,590,000 ENSO) - Growth, R&D, airdrops, protocol expansion, grants ● Foundation: 16.605% (16,605,000 ENSO) - Operational costs, governance, and long-term sustainability ● Community Round: 4.000% (4,000,000 ENSO) - CoinList community sale ● Advisors: 1.500% (1,500,000 ENSO) - Long-term advisor support; 1-year cliff, then linear vesting over 24 months Token Utilities ● Governance: ENSO holders participate in voting on protocol upgrades, resource allocations, roadmap proposals, and operational changes ● Validation and Staking: Validators stake ENSO as collateral to secure network operations, simulate onchain executions, and verify workflows; improper validation results in slashing penalties ● Delegation: Token holders can delegate ENSO to validators and earn a portion of validator revenue ● Transaction Fees: ENSO is used for network and application usage fees, including submitting intents, composing Shortcuts, and accessing premium features ● Ecosystem Incentives: Distributed through incentive programs for active participation, development grants, DAO initiatives, and protocol integrations Why Enso? Traditional blockchain development faces challenges with manual integrations, complex maintenance, and security overhead. Enso addresses these problems with proven solutions: Experienced Leadership: Founded by Connor Howe with over 9 years in crypto, starting from Solidity development in Mist Wallet to creating advanced abstraction engines for onchain applications. Strong Investor Validation: $9.2 million raised from Polychain Capital, Multicoin Capital, The Spartan Group, IDEO CoLab Ventures, plus prominent angels including founders of Synthetix, Aave, and Messari. Technical Innovation: First platform offering Actions abstraction model for chain-agnostic, reusable building blocks, composable Shortcuts for rapid workflow creation, and unified shared engine eliminating fragmentation and per-protocol integration work. Major Partnerships: Collaboration with CoW DAO and CoW Protocol providing advanced intent-based transaction settlement, enabling users to perform seamless, multi-chain, and optimized DeFi operations. Live Ecosystem: Already operational with over 100 apps, 250 protocols, and nearly 2,000 developers using the infrastructure, demonstrating real adoption and utility. Validator Network: Graphers and Validators separate execution path finding from security validation, allowing multiple solutions to compete with only safe, optimal ones executed. The platform eliminates integration friction and maintenance costs, enabling teams to focus on building products, growing communities, and iterating quickly without blockchain engineering bottlenecks. Enso (ENSO) Goes Live on Bitget We are thrilled to announce that Enso (ENSO) will be listed in the Innovation Zone. Check out the details below: Trading Available: 14 October 2025, 9:00 (UTC) Trade ENSO/USDT on Bitget! 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

Affiliate promotion center operation manual

1. Website guide You will find two tabs in Promotion Center: User promotions and Affiliate promotions. a. User promotions: Limited-time, effective promotions designed for easy sharing with friends. i. Latest promotions: • In this section, you'll find promotions selected for you to share with friends, including new users bonuses, new product promotions, and limited-time holiday promotions. • Select the promotion you want to share → use the Share button → copy the link or download the poster → send it to your friends. • Friends who are not yet Bitget users can sign up via your link and will become your direct referrals. ii. Featured sections: This section displays new users promotions, airdrop promotions, and futures competitions. • New user promotions are for non-Bitget users to sign up via your referral link and become your direct referrals. • Airdrop promotions include Bitget's PoolX, LaunchX, Launchpad, Launchpool, and CandyBomb. You can recommend that your referrals complete tasks to earn airdrops. • Futures competitions feature Rewards Center promotions, Futures Titan Leaderboard, Futures Quest, Futures Kickoff, and Super Pairs, ideal for high-volume futures traders. b. Affiliate promotions: Exclusive promotions for you to join. i. Latest promotions: This section displays promotions selected for you, such as referral promotions and trading competitions. You can click on any promotion card to view details, check the terms, and register. ii. My promotions: Here, you'll find the affiliate promotions you’ve registered for. iii. Featured sections: This section is the same as Featured sections under User promotions. You can click on any promotion card to view or join. ⚠️ Customer service: If you have any questions regarding the Affiliate Promotion Center, feel free to contact us via the Bitget Customer Service icon in the lower-right corner. 2. App guide • Enter the affiliate backend on the app and scroll down to find the Promotion Center. User promotions: Limited-time, effective promotions designed for easy sharing with friends. 1. Latest promotions: ￮ In this section, you'll find promotions selected for you to share with friends, including new users bonuses, new product promotions, and limited-time holiday promotions. ￮ Select the promotion you want to share → use the Share button → copy the link or download the poster → send it to your friends. ￮ Friends who are not yet Bitget users can sign up via your link and will become your direct referrals. 2. Featured sections: This section displays new users promotions, airdrop promotions, and futures competitions. ￮ New user promotions are for non-Bitget users to sign up via your referral link and become your direct referrals. ￮ Airdrop promotions include Bitget's PoolX, LaunchX, Launchpad, Launchpool, and CandyBomb. You can recommend that your referrals complete tasks to earn airdrops. ￮ Futures competitions feature Rewards Center promotions, Futures Titan Leaderboard, Futures Quest, Futures Kickoff, and Super Pairs, ideal for high-volume futures traders. Affiliate promotions: Exclusive promotions for you to join. ￮ Latest promotions: This section displays promotions selected for you, such as referral promotions and trading competitions. Tap any promotion card to view details, check the terms, and register. ￮ My promotions: Here, you'll find the affiliate promotions you’ve registered for. ￮ Featured sections: This is the same as Featured sections under User promotions. You can tap any promotion card to view or join.

Bitcoin price rally stalls as gold nears record $3.1K

Bitcoin again fails to copy a gold rally as risk assets sag over US trade tariffs, but traders see BTC price gains taking the market past $90,000 next. Bitcoin faced mixed forces on March 27 as a combination of fresh US trade tariffs and macroeconomic data weighed on risk assets. Data from TradingView showed BTC price volatility returning at the Wall Street open. BTC/USD displayed uncertain trading behavior in line with US stocks as the second revision of US Q4 GDP came in above the median forecast of 2.3%. At the same time, initial jobless claims fell short of estimates, potentially emboldening more hawkish financial policy from the Federal Reserve in the form of higher interest rates. However, the main talking point among market commentators was tariffs on non-US-made cars imposed by President Donald Trump. These added to existing concerns over a round of tariffs due to commence on April 2. “These tariffs are going to have MASSIVE implications,” trading resource The Kobeissi Letter wrote in part of its response on X, noting the UK’s $10 billion auto export market to the US. Already sensitive to tariff surprises, risk assets thus failed to climb, with the clear winner from the latest news being gold. XAU/USD hit new all-time highs of $3,059 per ounce on the day, repeating an existing trend of gaining while Bitcoin treads water. “Gold has now added +$7 trillion of market cap over the last 12 months. It's also nearing $21 trillion in market cap for the first time in history,” Kobeissi added. Some positive BTC price perspectives nonetheless remained on the day. Popular trader Titan of Crypto eyed a potential climb to $91,000 as part of an upside breakout from a “bullish pennant” on the 4-hour BTC/USD chart. This week, Titan of Crypto revealed a breakout on daily timeframes, ending a multimonth downtrend. Continuing on the latter theme, fellow trader Mikybull Crypto gave a BTC price target of $112,000. BTC/USDT perpetual swaps 4-hour chart. Source: Titan of Crypto/X Source: CoinTelegraph Futures Market Updates Near $100M in long positions was liquidated in the last 24 hours due to an interrupted ETH price movement. Bitcoin Futures Updates Total BTC Open Interest: $56.97B (-1.72%) BTC Volume (24H): $88.61B (-2.82%) BTC Liquidations (24H): $28.14M (Long)/$15.77M (Short) Long/Short Ratio: 49.17%/50.84% Funding Rate: 0.0016% Ether Futures Updates Total ETH Open Interest: $22.03B (-4.80%) ETH Volume (24H): $35.53B (-2.13%) ETH Liquidations (24H): $82.02M (Long)/$7.72M (Short) Long/Short Ratio: 48.34%/51.66% Funding Rate: 0.0040% Top 3 OI Surges TUT: $72.14M (+377.92%) VIDT: $13.53M (+132.79%) SAFE: $36.50M (+130.60%)

Today's TapSwap Daily Cinema Codes for October 30, 2024

Ready to unlock today’s TapSwap rewards? The Daily Cinema Codes for October 30, 2024, are here, bringing you fresh opportunities to boost your earnings with just a tap! Whether you're an experienced player or a newcomer, these codes are your ticket to maximizing points and climbing the TapSwap leaderboard. Check out today’s codes and don’t miss your chance to earn extra rewards! Sign Up With Bitget Today and Be Ready To Trade the TAPS Token! Key Takeaways Daily Cinema Codes for October 30, 2024 are “december”, “ryzen” and more. The TapSwap airdrop has been rescheduled for October 30, 2024, as the team enhances token stability and utility to support its long-term value. Celebrate Halloween by trading on the Futures Titan Leaderboard for a chance to win a share of 458,000 USDT in prizes and unlock Mystery Boxes with rewards up to 100 USDT from October 15 to November 11, 2024. TapSwap Daily Cinema Codes for October 30, 2024 Earn $8,200 per Month Code: double Rich People Avoid Paying Taxes Code: december Real Profit from Selling VIRTUAL Real Estate Code: company YouTube Without Monetization Code: heets Skills That Pay Off Forever Code: ryzen $15,000 On Designs For Brands Code: turbo Make Money With Customizable Tech Gadgets Code: gadgets Myths About Making Money Code: about Offering Pet Care Services Code: sanyo Speaking Different Languages Code: code is coming Trading Mistakes Code: grapes Promote Your Business Code: keyboard Multiple Income Streams Code: universial Instagram Reels Viral Code: monitor Affiliate Marketing With AI Code: lemonade Professions That Pay Well Code: linktg Mistakes New Entrepreneurs Make Code: mistake Create a Successful Business Plan Code: pending What’s Next for TapSwap? New Airdrop Date and Market Outlook The TapSwap airdrop, initially scheduled for the third quarter of 2024, has been delayed, with the new target date set for October 30, 2024. This decision arises from TapSwap’s commitment to ensuring the long-term stability of its token, given the market’s challenges for similar airdrops, which have often seen substantial price drops post-release. The team is working on finalizing listing agreements with major exchanges and enhancing the token’s utility to provide sustained value to holders. The anticipated initial price of the TAPS token is estimated to range between $0.03 and $0.06, with an expected market cap of approximately $700-800 million. TapSwap’s developers are implementing additional features and refining the token distribution mechanism to better support its stability and growth. For those interested, current users can engage in tasks on the app to earn points, which will later convert into TAPS tokens once the airdrop is released. With TapSwap’s airdrop on the way, crypto fans can double up on rewards by joining the Halloween Futures Titan Leaderboard! Compete to win a share of 458,000 USDT and up to 100 USDT in Mystery Box rewards—perfect for this Halloween season! Trade to Win: Halloween Carnival Month with 458,000 USDT in Prizes on Bitget! Celebrate Halloween with the Futures Titan Leaderboard event, where traders can compete for their share of an impressive 458,000 USDT prize pool. By trading futures, you’ll have a chance to earn a top spot on daily, weekly, and monthly leaderboards, unlocking prizes based on your trading volume and newcomer achievements. Top traders can also claim Mystery Boxes containing rewards worth up to 100 USDT each! The event runs from October 15 to November 11, 2024, so join now to secure your place. Whether you’re a daily contender or aiming for monthly glory, the leaderboard promises exciting rewards for all participants who meet the trading criteria. Don't miss out on this thrilling opportunity to boost your earnings this Halloween! Sign Up With Bitget Today and Claim Your $200 Welcome Gift!

Today’s X Empire Investment Fund for October 16-17, 2024

Welcome back to another episode in our X Empire series! Did you notice the Bitget exchange sticker in the X Empire Community? It looks like today is a great day for all of us! Let's dive into the X Empire Investment Fund for October 16-17, 2024, and explore the event we have lined up for you: the Halloween carnival month with the Futures titan leaderboard! Trade to share 458,000 USDT! Key Takeaways Today’s X Empire Investment Fund for October 16-17, 2024: check out below. X on Bitget: Navigating the Pre-Market and Celebrating the Initial Listing Halloween Carnival Extravaganza: Climb the Futures Titan Leaderboard Share 458,000 USDT! Today’s X Empire Investment Fund for October 16-17, 2024 Where do we invest today? Blockchain Projects, Real Estate in Nigeria, Classic Cars. X on Bitget: Navigating the Pre-Market and Celebrating the Initial Listing X Empire is a groundbreaking AI-powered platform built on the TON blockchain, revolutionizing digital identity and NFT creation. Originating as a Telegram Mini App Game within one of the world's largest communities, it has expanded into a comprehensive AI-based ecosystem. Users can now generate and trade personalized NFT avatars, merging blockchain, AI, and gaming seamlessly. Its integration with TON ensures easy NFT creation and transactions, catering to both Web2 and Web3 users. X Empire distinguishes itself with user-friendliness, a robust community, and customizable AI avatars suitable for gaming and as digital assets, positioning it for widespread adoption in the cryptocurrency realm. X Empire (X) is set to be listed in the Innovation and TON Ecosystem Zone, with deposits already open. Trading begins on October 24, 2024 at 12:00 UTC, and withdrawals start on October 25, 2024 at 13:00 UTC. Spot trading will be available via the X/USDT pair. Interested in trading X Empire before it officially hits the market? Check out Bitget Pre-Market! Here, you can trade the X Empire token OTC on the Bitget Pre-Market trading platform. Halloween Carnival Extravaganza: Climb the Futures Titan Leaderboard Share 458,000 USDT! Participate in the Halloween futures titan leaderboard to share a 458,000 USDT airdrop and get a chance to win Mystery Boxes worth up to 100 USDT. The promotion runs from Oct 15 to Nov 11, 2024. Register to join daily, weekly, and monthly leaderboards, with rewards for top traders and new users based on trading volume. Daily rewards are fixed, while weekly and monthly rewards depend on total trading volume. Eligibility for rewards requires minimum trading volumes, with bonuses distributed shortly after each period ends. Sub-accounts and certain other account types are ineligible, and Bitget retains the right to disqualify participants using unfair methods and to modify terms at any time. Join Now!

BGB Sail: August Edition

Our BGB Sail Series provides an in-depth analysis of BGB performance, together with a recap of the market situation at the end of each month. BGB Sail: July Edition can be found here. Market Summary August began with the Curve exploit, which created a widespread impact on the entire market, especially Ethereum because it’s the home to blue-chip DeFi projects. However, the loss might somewhat be compensated by the (also somewhat) eager anticipation over more than 12 spot Ethereum ETF applications. The global market cap fell by 11.8%, landing at US$1,079,165,943,258 on August 31, 2023 (0:00 AM UTC). All Top 10 saw a shrinking in their market cap. The gap between BNB and XRP’s market cap surged by nearly 25 times, despite the fact that XRP had snatched away BNB’s Top 4 for a brief two weeks in July following their federal court win. Stablecoins are the least affected - after all, investors don’t want to seek refuge in risky assets given waves of fear caused by Curve falling prey to reentrancy vulnerability as well as stubborn inflation in the U.S., yet they still want to be part of the digital space. There lies the glory of stablecoins. Two big token launches recently include WorldCoin (WLD) and Sei (SEI). WLD was officially launched on July 24, 2023 and achieved a gain of 543% in 24 hours, whereas SEI made its debut on August 15, 2023 with the first 24-hour increase of 2,650%. By the end of August, WLD had already lost 63% of its value from the all-time high at US$3.3, SEI 66.7% from US$0.455153, and the bleeding continued into September until they both hit their all-time lows on September 12, sliding further down by 17.5% and 22.3%, respectively. Check out our weekly top gainers in the Bitget Hot Takes series (released every Monday) here. BGB Performance in August BGB’s monthly high decreased by 5.2% to US$0.468639, with the corresponding volume down by 5.7% as well. That being the case, BGB still limited its losses at the lowest possible degree, hence a better performance than all of the Top 10 and five out of eight exchange tokens. When it comes to liquidity, all exchange tokens experienced less buying and selling activities in August. The volume-to-mcap ratio measures how easy it is for a token to change hands and thus can be used as a basic indicator of liquidity. Blockchain data platform Coinranking.com considers a token with a volume-to-mcap ratio of 0.001 or higher as ‘first tier’ tokens. BGB remained the second-most liquid exchange token with a stable volume-to-mcap ratio of 0.02. BNB’s volume-to-mcap ratio was the second-high with a tendency to decrease, and that means investors keep selling the token, most likely because of the worldwide scrutiny on Binance. New to BGB and Bitget? Check out this Bitget Token (BGB) Introduction and its limitless potential. BGB has been considered a blue-chip exchange token and thus a good long-term investment for several reasons. First of all, owning BGB means you will benefit from the expansion of the ever-growing Bitget ecosystem. Bitget is the first exchange to launch a crypto copy trading product in 2020 - the first of many innovative rollouts throughout the past three years; the better we become, the more profitable it is to invest in BGB. Besides, BGB is the ticket to multiple activities on Bitget, including Bitget Launchpad (hold BGB to get exclusive access to highly anticipated IEOs), Bitget Launchpool (stake BGB to earn new, promising project tokens for free), Bitget Lottery (hold BGB to win prizes in BGB every day), BGB Earn (generate more BGB from your current holdings and/or secure the opportunity to buy BGB at discounted prices), Bitget VIP Program, GroupCoin (hold BGB to get the chance to purchase staple cryptocurrencies at special prices), Vote-To-List (hold BGB to decide whether the project will be listed on the exchange and get rewards for your participation). The most popular farming pool on Bitget Launchpool in August has 18,084,603 BGB (less than US$8 million - estimated using BGB price data on August 31, 2023 from CoinGecko) staked. We have introduced ROI as the new way of calculating earnings for Bitget Launchpool, which allows for easier planning and decision-making. Starting from July, the two staking methods are Normal (reserved for Beginners) and Refer Earn. Staking ROI for beginners is in general higher than that for other users, but their reward pool is limited in size so that fairness is ensured for every group of stakers. We have completed four rounds of Bitget Launchpool in August with almost 134,000 USDT in reward value. The carefully selected reward tokens make farming more lucrative, thereby driving the demand for BGB further up. To sum things up, BGB has never failed to impress. See yourself how: BGB Sail: July 23 Edition BGB Sail: June 23 Edition BGB Sail: May 23 Edition BGB Sail: April 23 Edition BGB Sail: March 23 Edition Bitget-Verse The famous Bitget’s KCGI for 2023 had officially begun in August! The event was first introduced in 2021 with nearly 7,500 trading enthusiasts and has since become a specialty of Bitget that takes place twice a year. Results for the demo trading league and the spot trading league can be found here: Participants of the demo trading competition would be able to share the 20,000 USDT prize pool. Teams in the spot trading competition would be able to share the 50,000 USDT prize pool. Only 10 days left to register for the last competition - learn how-to and join the titan league ASAP here: KCGI 2023 Futures Trading Competition Intro Spot Futures Activities Aligned with the drop in CEXs’ volume, the average daily number of outstanding contracts on Bitget Futures decreased by 24.2%, with the daily average Bitcoin OI down by 37.4%. That is equivalent to a decline of 16.6% in BTC’s dominance on Bitget Futures Trading. Below are some new listings on Bitget Futures Trading: • BAKEUSDT • CYBERUSDT • SEIUSDT • BNTUSDT • LPTUSDT • OGNUSDT • YGGUSDT • CVXUSDT • WLDUSDT • ARKMUSDT The total volume of Bitget Spot Trading in August increased to US$4,316,861,168. We have 25 new token listings with the whopping 24-hour gains: • SEI/USDT (5X): 2,650% • LAB/USDT: 1,929% • XRP8/USDT: 535% • MMVG/USDT: 472% • AIMBOT/USDT: 402% Of course we can’t not talk about the flagship Bitget One-Click Copy Trade! In August there were 4,000+ new elite traders, 25,000+ new followers, and 2.4 million profitable trades, which show some slowing down compared to last month. However, that didn’t affect our skillful community of traders and followers at all: the amount of followers’ total profit soared to 14 million USDT (+40%), whereas traders’ profit share went up by 55.6% - an obvious result of utilising BGB to achieve a higher profit share ratio. To make the process of selecting traders even easier for new users as well as followers, we have launched a new tool for you here: Elite traders comparison. This feature allows for a general comparison of several traders at the same time based on their basic information, trading data and insights activities. As an aspired elite trader, Bitget One-Click Copy Trade warmly welcomes you with many ways to earn more using your trading skills: Join Bitget as an elite trader for rewards Earning With Bitget One of the latest additions to the Bitget Earn investment options is Bitget Snowball, an unique principal-guaranteed structured investment product that offers risk-averse investors the opportunity to collect profits safely and routinely. A detailed guide on Bitget Snowball is available here: Bitget Snowball: Unlock Sustained Yields for Explosive Growth Amid Market Volatility. It’s important to note that a new phase of Bitget Snowball will be unlocked every Wednesday! Hop in at any time! The next one is designed to meet the specific needs of high-profile Bitget users. If you are a Bitget VIP, an asset manager or an individual of high net worth, Bitget Wealth Management is a good choice to grow your portfolio in a steady way. Learn more about Bitget Wealth Management here. The two products gaining momentum in August are Bitget Dual Investment with a decent change (+35.6%) in the number of subscribers, a whopping 72.3% increase in the amount subscribed and an acceptable change in the average amount subscribed per subscriber, followed by Bitget Smart Trend. Bitget Dual Investment takes full advantage of the ‘buy low, sell high' strategy. It's designed to provide long-term investors with a 2-in-1 plan; that is, subscribers can buy a cryptocurrency (with stablecoin) and earn interest in that cryptocurrency if its price at the end of the subscription period is equal to lower than their expectations. If the price of that cryptocurrency is eventually higher than the expected price, purchase is not enabled and interests are calculated in stablecoins. That's the Buy Low scenario. On the other hand, Sell High subscribers will sell their crypto holdings at a favourable price in the future and earn interests in stablecoins. Should markets move against them at the end of the subscription period, no selling is allowed and interests are calculated in the cryptocurrency to be subscribed. In short, users will receive their original holdings plus interests even in disadvantageous conditions. Imagine planning your long-term crypto investments. You can either let your stables sit there until your limit order is filled or jump to Bitget Dual Investment to make some extra money on the idle funds. And the latest upgrade of Bitget Dual Investment is even higher APR (over 200%), daily subscriptions and VIP exclusives - always buy low, always sell high! Bitget Smart Trend is nice for anyone who wants to ride with the waves. You can subscribe to Bitget Smart Trend with Bitcoin, Ethereum, USDT or BGB as well, but the gains are distributed in the form of the asset you use to subscribe. It’s our delight to announce that we have increased the guaranteed floor APR to 4.5%! Don’t forget that BGB subscriptions have been enabled specifically for Bitget Smart Trend! In this about-to-end round, bearish ETH scenarios offer the highest APR of 166.54% and 133.23%. Bitget Shark Fin is Bitget’s OG capital-guaranteed structured investment product. 100% of the cases ended up in the Shark Scenario, which is the scenario with much higher APR, hence subscribers turned out to be winners all the time. Do you know that we also upgraded Bitget Shark Fin’s guaranteed APR to 7%, which is one of the highest APRs for investment products in the industry - go subscribe to our upcoming Bitget Shark Fin rounds today! In the latest rounds of the 8-day Bitget Range Sniper, which ends today, the highest APR is an incredible 365% for the bullish BTC prediction. The subscription period of Bitget Range Sniper is now flexible, ranging from 2 days to 8 days to allow subscribers to make necessary portfolio adjustments regarding market changes. Source: Bitget Range Sniper Bitget Range Sniper differentiates itself from other earning schemes on Bitget in the exceptionally high yields. Even if the market moves in the opposite direction to the subscriber’s prediction, the 20% guaranteed APR is high enough to cover the value depreciation of the cryptocurrencies to be paid out, i.e. Bitcoin and Ethereum. It is also perfect because they can hold them and lock in the profit once prices go up. If prices progress in line with their expectation, the exceptionally high profits will be realised immediately by the payout in USDT. Subscribers win, either way. Full guide to these products can be found here: Bitget Range Sniper | Bitget Shark Fin | Bitget Dual Investment | Bitget Smart Trend | Bitget Snowball | Bitget Wealth Management Back to the basics? Check out the wonderfully portable Bitget Savings - keep your assets safe and redeem anywhere: NvirWorld (NVIR) Savings Boost! Subscribe and enjoy 100% APR! Wrapped Alvey Chain (WALV) Savings Boost! Subscribe and enjoy 50% APR! Shiba Saga (SHIA) Savings Boost! Subscribe and enjoy 160% APR! Want more exclusive Bitget Earn news? Bookmark this site and press F5 first thing in the morning everyday! Join us now on these bountiful events: [Bitget turns 5] Deposit $100 and receive a $100 bonus for newcomers! Bitget Builders 5th Anniversary Limited NFT Released: Co-building the Crypto Ecosystem with Bitget, Enjoying exclusive Benefits Invite friends to copy trade and grab a share of the 20,000 USDT prize pool! TRY Marathon: Win a rebate of up to 50% 20,000 USDT! Real Smurf Cat (SMURFCAT) will be listed on Bitget. Come and grab a share of US$15,000 SMURFCAT! MAX Exchange Token(MAX) will be listed on Bitget. Come and grab a share of 80,000 MAX! Shiba Saga (SHIA) will be listed on Bitget. Come and grab a share of 50,000 SHIA ! Wrapped Alvey Chain (WALV) will be listed on Bitget. 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Top 10 Cryptocurrencies by Market Cap: A Comprehensive Look

As the cryptocurrency market continues to evolve, the list of top players also sees frequent reshuffling. Whether you're a seasoned investor looking to diversify your portfolio or a newcomer trying to understand where to start, a look at the leading cryptocurrencies by market capitalization can offer valuable insights. Assembled with data fresh from the trusted vaults of CoinGecko and updated as of August 31, 2023, this comprehensive guide aims to serve as your navigator through the complex maze of digital assets. We’ll explore the features, history, and technology behind the top 10 cryptocurrencies dominating the market today. The rankings mentioned in this article are based on data from CoinGecko as of August 31, 2023, and might change over time. Bitcoin (BTC): The King of Crypto Overview Market Capitalization is US$530,079,527,201 and is ranked #1. Tokenomics: Capped at 21 million coins Advantage: Often viewed as 'digital gold,' it’s seen as a hedge against inflation. All-time high (ATH) and all-time low (ATL): US$69,044 (Nov 2021) and US$67.81 (Jul 2013). Bitcoin (BTC) is the world's first cryptocurrency. It was introduced to the world by an anonymous developer under the pseudonym 'Satoshi Nakamoto.' Bitcoin runs on a decentralized ledger system based on cryptography - a blockchain. Thus, Bitcoin is not controlled by a central bank or authority of any kind. Anyone can be a part of this blockchain and be rewarded with Bitcoin by participating in its "mining" process. In recent years, Bitcoin has outperformed major stock indices like the SP 500 and the Dow Jones Industrial Average. While stock markets have shown steady growth, Bitcoin's price appreciation has been far more significant. During the third month of 2023, Bitcoin outperformed 97% of all SP500 companies. Learn more about Bitcoin (BTC) Bitcoin Halving | Pizza Day | PriceValue | Bitcoin Trading guides | FAQs | Key Concepts | Bitcoin NFT | Block Size War | What are Bitcoin ETFs? How to get Bitcoin Buy/ Sell Bitcoin with Fiat currencies Bitcoin has also become a financial asset that people can invest in or even speculate on. You can buy and sell Bitcoin with your local fiat currencies, including via third-party payment providers, the P2P market, and your credit/ debit cards on Bitget on a 24/7 basis. Bitget currently supports 140+ currencies and 70+ payment methods, including Mastercard, Visa, SEPA, SWIFT, and other local payment methods. Please log in to your Bitget account, from the homepage, click ‘Buy Crypto’, and select payment methods available to your country/region. Trade Bitcoin on Bitget Spot Futures markets Spot Trading Bitcoin Spot Trading: BTCUSDT Bitcoin Spot Margin Trading: BTCUSDT Bitcoin Spot Grid Trading: BTCUSDT Bitcoin Spot Martingale: BTCUSDT Bitcoin Spot Auto-invest: BTCUSDT Futures Trading Bitcoin Coin-Ⓜ Futures: BTCUSD Bitcoin USDT-Ⓜ Futures: BTCUSDT Bitcoin USDC-Ⓜ Futures: BTCPERP Bitcoin Futures Grid Trading: BTCUSDT Ethereum (ETH): The Smart Contract Pioneer Overview Market Capitalization is US$204,844,559,374 and is ranked #2. Tokenomics: No fixed supply cap. Advantage: Supports decentralized applications, smart contracts, and the majority of the DeFi and NFT space. All-time high (ATH) and all-time low (ATL): US$4,878.26 (Nov 2021) and US$0.432979 (Oct 2015) Ethereum is a decentralized Blockchain platform introduced by Vitalik Buterin, a Russian Programmer. Ethereum is not managed by a centralized server or organization. Instead, it is run by thousands of computers distributed around the world. Beyond just a currency, Ethereum introduced the world to the power of smart contracts. It provides a platform for decentralized applications (DApps) and has catalyzed the majority of the DeFi and NFT sectors. Ethereum market share has taken off since the start of 2023, though it doesn't seem to be shown in the level of Google interest. If Bitcoin dominance averages 42.5% year-to-date, Ethereum has no trouble maintaining its second place with 18.1%, which is way ahead of the third-largest cryptocurrency Tether (USDT) at 6.7%. Mind you that Tether is a stablecoin, thus often considered a safe option to onboard crypto by newbies. Learn more about Ethereum (ETH) What is Ethereum | The Merge | Birthday | PriceValue Part 1 Part2 How to get ETH Buy/ Sell ETH with Fiat currencies You can buy and sell ETH with your local fiat currencies, including via third-party service providers, our P2P market, and your credit/ debit cards on Bitget on a 24/7 basis. Trade ETH on Bitget Spot Futures markets Spot Trading ETH Spot Trading: ETHUSDT ETH Spot Margin Trading: ETHUSDT ETH Spot Grid Trading: ETHUSDT ETH Spot Martingale: ETHUSDT ETH Spot Auto-invest: ETHUSDT Futures Trading ETH Coin-Ⓜ Futures: ETHUSD ETH USDT-Ⓜ Futures: ETHUSDT ETH USDC-Ⓜ Futures: ETHPERP ETH Futures Grid Trading: ETHUSDT Tether (USDT): The Stablecoin Titan Overview Market Capitalization is US$82,857,760,603 and is ranked #3. Tokenomics: USDT does not have a maximum total supply because the amount of USDT issued is dependent on the total value of assets in the Tether's reserve. Advantage: Tether offers stability within the volatile cryptocurrency market. All-time high (ATH) and all-time low (ATL): US$1.32 (Jul 2018) and US$0.57 (Mar 2015). Tether (USDT) is the third largest cryptocurrency (after Bitcoin and Ether) and the largest stablecoin by market capitalization. Tether is a USD-pegged stablecoin, meaning that 1 Tether can be exchanged to USD at an approximate 1:1 ratio. The coin was created in 2014 with the original name of "RealCoin", but was rebranded to Tether later that year. On June 15, 2023, the stability of Tether's USDT, a widely used stablecoin pegged to the USD, experienced a slight deviation from its usual value of US$1.00. Even though the price dropped to as low as US$0.996 at that time, the USDT price recovered to US$0.999 later in the day. However, since USDT is the most popular stablecoin, its slight depeg led to widespread FUD and speculation among the crypto community. Learn more about Tether (USDT) What is Tether (USDT)? | The Tether Depeg in Summer 2023: What Happened to USDT? How to get USDT At the "Buy Crypto" main page, you will find many options to buy USDT: - Debit/ Credit cards: we support 140+ fiat currencies and 70+ payment methods, including Mastercard, Visa, SEPA, SWIFT, etc. - P2P Trading: you can purchase USDT with your local payment methods at your preferred prices. - Third-Party Payment: you can also buy USDT with multiple fiats via our third-party providers like Simplex, Banxa, Mercuryo, etc. BNB (BNB): The Exchange Trailblazer Overview Market Capitalization is US$34,306,930,411 and is ranked #4. Tokenomics: Its total supply is 200,000,000. Advantage: BNB serves as the native cryptocurrency of the Binance exchange. It offers fee discounts, and ecosystem access for traders. All-time high (ATH) and all-time low (ATL): US$686.31 (May 2021) and US$0.0398 (Oct 2017) Originating as the native token for Binance – the world's largest crypto exchange – BNB offers trading fee reductions on the Binance platform and has been integral to the growth of the Binance Smart Chain. The BNB token was originally released as an ERC-20 token to raise funds for the Binance exchange in 2017. How to get BNB Trade BNB on Bitget Spot Futures markets Futures market BNBUSDT Spot market BNBUSDT BNBUSDC Ripple (XRP): The Cross-Border Specialist Overview Market Capitalization is US$27,764,349,639 and is ranked #5. Tokenomics: The total supply of XRP is 100 billion. Advantage: XRP aims to facilitate fast and low-cost cross-border transactions. All-time high (ATH) and all-time low (ATL): US$3.40 (Jan 2018) and US$0.0026 (May 2014). Ripple can be both considered as a cryptocurrency and a digital payment transaction network. It was launched in 2012 and was co-founded by Chris Larsen and Jed McCaleb. For both banks and financial institutions, Ripple is a transaction system for international money and security transfers. Ripple is the name of the company and the financial network, and XRP is the platform token. XRP is the exchange mechanism between two currencies or networks. It plays the role of a temporary settlement between two currencies. How to get XRP Buy/ Sell XRP with Fiat currencies Bitget supports a variety of cryptocurrencies that can be purchased through debit/ credit cards and third-party platforms like AlchemyPay, Simplex, and Banxa. Joining the ranks of Tether (USDT), Bitcoin (BTC), and others, Ripple (XRP) is the latest addition to Bitget's diverse offerings. This means you now can buy XRP with 140+ currencies like US Dollar (USD), Euro (EUR), British Pound (GBP), and Australian Dollar (AUD) on Bitget! Related: How to purchase Ripple (XRP) with Fiat Trade XRP on Bitget Spot Futures markets Futures market XRPUSDT Spot market XRP/USDT XRP/USDC USD Coin (USDC): A Stablecoin Contender Overview Market Capitalization is US$26,105,544,669 and is ranked #6. Tokenomics: USDC is a stablecoin, pegged 1:1 to the US dollar, with regular attestations of its reserves. Advantage: Similar to USDT, USDC offers stability and crypto-fiat conversion. All-time high (ATH) and all-time low (ATL): US$1.17 (May 2019) and US$0.877 (Mar 2023) USD Coin (USDC) is a USD stablecoin issued by CENTRE, a consortium created by Coinbase exchange and a fintech company called Circle. Its value is pegged to the US dollar by fiat currencies and commodities at a 1:1 ratio, which means that 1 USDC is equal to 1 USD. USDC was first launched as an ERC-20 token in 2018 and has since expanded to other major platforms. 2021 was a big year for the stablecoin as Visa started to accept payments made with USDC. How to get USDC On Bitget’s homepage, select “Buy Crypto” and quickly proceed to buy and sell USDC with your local fiat currencies, including via third-party payment providers, P2P market, and your credit/ debit cards on a 24/7 basis. Related: How to purchase USDC with Fiat Lido Staked Ether (STETH): Ethereum's Staking Solution Overview Market Capitalization is US$14,532,706,519 and is ranked #7. Tokenomics: STETH does not have a total supply. Advantage: STETH allows holders to participate in staking without the need to manage the technical aspects themselves. All-time high (ATH) and all-time low (ATL): US$4,829.57 (Nov 2021) and US$482.90 (Dec 2020). Lido is a platform that enables users to earn interest on their digital assets by staking them while keeping them liquid for use in other DeFi applications. It was initially launched on Ethereum in 2020, allowing users to stake ETH to receive STETH, a token that represents staked ETH in Lido. STETH is not only where the value of the initial deposit and staking rewards are combined, but also can be used to maximize yield through collateralization, lending, yield farming, and other DeFi protocols. Consider investing in Lido Staked Ether (STETH)? It only takes 2 minutes to create an account on Bitget and start trading STETH today! Dogecoin (DOGE): The Meme that Became a Mainstay Overview Market Capitalization is US$9,291,669,070 and is ranked #8. Tokenomics: no maximum supply limit. Advantage: Active community, low fees, tipping charitable donations usages. All-time high (ATH) and all-time low (ATL): US$0.731 (May 2021) and US$0.0000869 (May 2015). Dogecoin (DOGE) is a public cryptocurrency that was created as a lighthearted joke poking fun at the crypto speculation by software engineers Billy Marcus and Jackson Palmer. Launched in 2013, it is considered the first "meme coin" in the world. Despite the fun-loving origin, Dogecoin, ironically, has a lot more use cases than the majority of crypto. Besides being accepted as a method of payment in places around the world, it is predominantly used as tips for online content creators and as donations for charities. Dogecoin gained notable increases in popularity and value after Elon Musk repeatedly tweeted about the coin on his personal account and had plans to use DOGE to pay for a mission of SpaceX. Learn more about Dogecoin (DOGE) What is Dogecoin (DOGE)? | What is Dogeday? How to get Dogecoin (DOGE) Consider investing in Dogecoin (DOGE)? One of the first steps you can take is to purchase crypto. There are various ways to do so, such as instantly buying crypto with credit/debit cards, via bank transfer, via peer-to-peer transactions, or even in-person purchases. Once you have cryptos, you can start trading DOGE on Bitget! Futures Market DOGEUSDT Spot Market DOGEUSDT DOGEUSDC DOGEBTC Cardano (ADA): The Peer-Reviewed Blockchain Overview Market Capitalization is US$9,212,030,431 and is ranked #9. Tokenomics: Fixed supply of 45 billion ADA. Advantage: Cardano aims to provide a more sustainable and scalable platform for smart contracts and DApps. All-time high (ATH) and all-time low (ATL): US$3.09 (Sep 2021) and US$0.01925 (Mar 2020) Cardano is a third-generation blockchain that utilizes the Proof-of-Stake (PoS) consensus mechanism. It was conceived in 2015 by Charles Hoskinson, co-founder of Ethereum, who departed his former project with the intention to improve upon Ethereum’s shortcomings and create a more complete decentralized network. Two years after a highly successful ICO in 2015, Cardano mainnet was released. As of now, Cardano supports multiple use cases and applications such as smart contracts, DeFi, Internet of Things, NFT, etc. How to get ADA Consider investing in Cardano (ADA)? It only takes 2 minutes to create an account on Bitget and start trading ADA. Futures market ADAUSDT Spot market ADAUSDT ADAUSDC Solana (SOL): The Speedster of the Pack Overview Market Capitalization is US$8,314,995,031 and is ranked #10. Tokenomics: Solana has a circulating supply with no hard cap mentioned in its whitepaper. Advantage: High throughput, fast transactions for DeFi and DApps. All-time high (ATH) and all-time low (ATL): US$259.96 (Nov 2021) and US$0.5008 (May 2020). Solana is a rising blockchain that debuted in 2017 and had its mainnet launched in 2020 with the aim to rival Ethereum. It boasts scalability with open source, fast speed, and low cost. Phantom, the most popular Solana wallet, experienced a six-fold increase in the number of active users from 200,000 in August 2021 to 1.2 million in October 2021. Even more impressive is the rise in TVL: from USD 135.61 million in April 2021 to USD 10.14 billion in October 2021. After only 1 year, Solana climbed to the top 6 biggest blockchains in the world in terms of total value lock (TVL). It could gain such incredible milestones because the unique Proof of History (PoH) mechanism invented by its founder Anatoly Yakovenko allows for efficient throughput without the need for additional scaling solutions. How to get Solana (SOL) Consider investing in Solana (SOL)? It only takes 2 minutes to create an account on Bitget and start trading SOL. Futures market SOLUSDT Spot market SOL/USDT SOL/USDC In conclusion, while these cryptocurrencies have solidified their standing by market cap, the dynamic nature of the digital asset space means positions can change rapidly. Bitget always encourages our users to research thoroughly before investing and to stay updated with the latest market trends. Crypto FAQs What are cryptocurrencies? A cryptocurrency, sometimes crypto for short, is a digital currency based on cryptography. Most cryptocurrencies are decentralized, that is, without any central authority for issuance or transaction verification. Thus, they offer a huge improvement in privacy and save on transaction costs. Crypto Tokens vs. Coins - What's the Difference? Like everything else, cryptocurrencies can be divided into different types and groups by a wide array of standards. The two most prevalent categories are coins and tokens. A crypto coin is the native currency to its own blockchain. For instance, BTC is native to the Bitcoin blockchain, just like ETH is native to the Ethereum blockchain. These coins can be transferred and used like traditional currencies, but the most important function they have is paying gas fees. These coins are generated by miners or validators during their mining or validation process and are not controlled by any central authority. Crypto tokens are similar to coins but are built on top of blockchains and are functionally more versatile. They can be: - Stablecoins, like USDT/USDC, that are pegged to real-world assets; - Utility tokens, like ARB, that provide access or powers to their holders; - or even non-fungible tokens (NFTs), like BAYCs, that spread your prominence over the entire social network. Simply create an account, and start exploring the incredible Bitget-Verse 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. The rankings mentioned in this article are based on data from CoinGecko as of August 31, 2023, and might change over time.

Crypto and Sports: How Blockchain Technology is Changing the Game

Blockchain technology is revolutionizing the world of sports. It has the potential to transform the way athletes are paid, how fans interact with their favorite teams, and how sports organizations operate. In this article, we will explore how blockchain technology is changing the game for sports and how it is transforming the financial sector. We will also look at how Bitget crypto exchange is participating in this transformation. Blockchain Technology and Sports ​Blockchain technology is a distributed ledger system allowing secure and transparent transactions. It is a decentralized system that eliminates the need for intermediaries such as banks or other financial institutions. This technology can potentially revolutionize the sports industry by enabling secure and transparent transactions between athletes, teams, and fans. ​ One of the ways blockchain technology is changing the game for sports is through its ability to enable secure and transparent payments. Athletes can receive payments directly from fans without the need for intermediaries. This means that athletes can receive their payments faster and with lower fees than traditional payment methods. ​ Another way blockchain technology is changing the game for sports is through its ability to enable fan engagement. With blockchain technology, fans can purchase digital tokens that represent ownership in their favorite teams. These tokens can be used to vote on team decisions, access exclusive content, and even receive rewards for their loyalty. ​ Blockchain technology is also transforming how sports organizations operate. Sports organizations can create smart contracts that automatically execute when certain conditions are met. For example, a smart contract could automatically distribute bonuses to the players if a team wins a championship. Bitget Crypto Exchange and Sports ​Bitget crypto exchange is one of the leading cryptocurrency exchanges in the world. It is known for its user-friendly interface, advanced trading tools, and excellent customer support. Bitget crypto exchange is also participating in transforming the sports industry through its partnerships with global sports teams and events. ​ ​In 2022, Bitget announced the partnership with Lionel Andrés Messi, the iconic Argentinian footballer and winner of a record-breaking seven Ballon d'Or Awards. Through this partnership, Bitget will give Messi fans a unique opportunity to explore Web 3.0 and the potential of trading crypto on the exchange. There is also a shared understanding that the partnership will allow both parties to commit to more impactful efforts, extending beyond cryptocurrency and football. Bitget has also partnered with teams and businesses that exemplify the highest levels of their respective industries. From Italy's most established football club Juventus to esports titan Team Spirit and purveyors of premium international esports tournaments and events PGL, Bitget is committed to giving its ecosystem a network of world-class affiliates. These sponsorships and partnerships have helped to raise awareness of blockchain technology and its potential to transform the sports industry. ​

Bitget Bites (December 30, 2022)

The global market cap is standing at US$796 billion, showing a 0.09% increase from yesterday but the 24-hour volume went down by 12.16% to US$26.38 billion. Our report on activities of the Spot Market and Futures Market are below: Spot Market Updates Bitcoin has been trading between US$16,671.55 and US$16,527.92 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$16,596.45, which is a 0.31% increase compared to Ethereum's 0.50% increase. Altcoin prices are seeing red, with no altcoin in the Top 10 trading above the volume of US$1 billion. The highes t price and lowest price levels of BGB in the last 24 hours were US$0.1829 and US$0.1786, respectively. The Top 3 Gainers of The Day are TITAN, Green Satoshi Token (GST), and aelf (ELF): 1st Place TITANUSDT: Up by 7.12% TITAN is a blockchain based decentralized financial center that provides optimal liquidity solutions for different digital asset category by adaptive bonding curve. TITAN is trading at a current market price of US$0.073951, having touched a high of US$0.077214 and a low of US$0.067947 in the past 24 hours. 2nd Place GSTUSDT: Up by 6.59% Green Satoshi Token (GST), is earned in STEPN, a Web3 lifestyle app with fun social elements and gamification design. GST is trading at a current market price of US$0.01503, having touched a high of US$0.01519 and a low of US$0.01394 in the past 24 hours. 3rd Place ELFUSDT: Up by 5.53% aelf is an open-source blockchain network designed as a complete business solution. ELF is trading at a current market price of US$0.1583, having touched a high of US$0.161 and a low of US$0.1449 in the past 24 hours. Meanwhile, the Top 3 Losers include GINOAUSDT (-16.71%), IXTUSDT (-11.17%), and PRIMALUSDT (-10.33%). Futures Market Updates Future activities are warming up, with the Open Interest (OI) of all cryptocurrencies now recorded at US$3.52 billion, equivalent to a 0.07% 24-hour increase. The aggregated futures volume saw a 29.84% increase to US$486 billion. Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance accounts for 67% of the total OI, now standing at US$2.36 billion, which shows a 0.69% increase from yesterday. The daily volume of Bitcoin contracts decreased by 19.58% to US$129,661.93. Funding rate of the last cycle stands at 0.0000%. Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now bullish at 64.91%/35.09%. Most BTC long ETFs locked in a price increase yesterday, same goes for the highly anticipated ProShares' Short Bitcoin Strategy ETF (BITI), which closed the day at US$40.22 from the opening price of US$39.81. Interesting Topics How To Profit In A Bear Market Why Payment Processors are Important in Crypto What Is Trigger Order? Trending Events [Important] Bitget MegaSwap is Live! 20,000 USDT Prize Pool Awaits! New Year Special Rewards: Invite Friends to Unlock Mystery Boxes Worth 50,000 USDT! Happy New Year! Spin lucky wheel to Win BTC and more gifts! Join Bitget Global Telegram Group (New), Win 5500 USDT Bitget Spot Trader Recruitment Launch Bitget Partners with TealStreet; Plus, Register, trade for up to $8000 bonus！ Protocol (GEAR) in the Innovation Zone - Share $10,000 Worth of Rewards! Shark Fin 2022_1228 has officially launched! Start Your New Year with Bitget! Simply create an account, and start exploring the incredible Bitget-Verse today!

Crypto is the Future and Paxos is Charting the Course for its Mainstream Adoption

Crypto is the future. Until recently, uttering that publicly or to a client at the large banks would result in someone being fired. Even so, I can tell you firsthand there are many people who work inside the traditional financial system – people who lived through or cleaned up the messes from 2008 – also believe crypto is the future. So do I. That’s why I am at Paxos. I’ve spent my career in financial services. I’ve worked in reinsurance, at large investment banks as a trader and in asset management. In particular, I spent nearly a decade in the Stable Value world, which is the conservative option most 401k’s rely upon to slowly, methodically increase your holdings, even through 2008’s turbulence. Beneath that boring facade is an exceptionally complicated process involving large bond portfolios, derivatives and financial guarantees. It also includes managing counterparty credit risk, which was rocked in 2008. Through those experiences, I learned three key things that impact the future development of the crypto ecosystem: Understanding the landscape matters. In 2008, the market learned just how interconnected it had become after high-profile failures. What happened in one market had ripple effects in other corners, like derivatives. This interconnectivity can be problematic for developing ecosystems if you don’t know how the entire market is structured, and how much exposure each member of that ecosystem has taken on. The promises of stability come cheap, but delivering that assurance is expensive. Prime funds? Asset-Backed Commercial Paper? Stable Value? Bank deposits? All of these instruments have varying degrees of turbulence due to fundamental issues, a crisis of confidence, or both. As stablecoins and the regulation around them mature, it’s crucial to ask critical questions of issuers promising stability, and to apply the lessons already learned in 2008 to these new structures. Short-term opportunities for yield or to make a quick buck are splashy, but they’re not built for the long haul or a market crisis. JP Morgan was not the market-leading investment bank prior to the financial crisis. Afterwards? It stood alone as a titan where most others either died or had near-death experiences. Building in a future-proof way, durable across all the possible outcomes, matters for long-term survival in a way that most only discover too late. Digital asset providers need to think long-term. Important lessons learned from 2008 can and should be applied to digital assets today. That’s how we’ll ensure the open, digital economy is built to withstand tests of volatility, uncertainty, complexity and ambiguity. Transparency into the entire system is needed so we can more critically evaluate promises of stability. That’s how a well-designed, inclusive digital asset ecosystem built to withstand shocks will emerge and flourish. In short, crypto really is the future. And the most killer application of blockchain yet is the stablecoin. Going forward, Rich Teo (Paxos Co-Founder and CEO Asia) and I are going to cover a number of topics with regard to this key financial innovation, namely: Properties of an ideal stablecoin; How stablecoins can improve the life of everyday consumers; How stablecoins can be a part of fixing the biggest systemic problems in traditional finance; Where crypto companies, financial firms, and regulators need to go in order to achieve this (and where we are failing now); Paxos’ future plans for stablecoins; and Why this all matters. Stay tuned, I hope you enjoy the ride. PAX Gold (PAXG) is Paxos token pegged to gold. Buy and trade PAXG at Bitget now! （By Austin Campbell） This article was first published on Paxos.com on May 9, 2022 and has been edited for the Bitget audience.