GIANT (GTAN) news

Major U-Turn in Crypto Markets Sends Bitcoin Back Below $87K

Sunday's Trump bump in crypto has mostly vanished nearly as quickly as it appeared. In mid-afternoon U.S. action, bitcoin (BTC) is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve. Ether is now actually beneath its pre-Trump level and at 0.025, the ETH/BTC ratio has touched a new five-year low. Other tokens touted by Trump as part of the coming crypto reserve — Solana's (SOL), Ripple's (XRP) and Cardano's (ADA) — have given up sizable amounts of their Sunday gains, though remain somewhat higher than prior to the president's posting. “Crypto vols are still relatively elevated with both majors still reflecting a Put Skew till end-March,” crypto trading firm QCP Capital wrote to their investors. “The VIX is also elevated, signaling broader market unease in risk assets overall, particularly after the recent tariff escalations from the U.S. administration.” The broader stock market is also in the red, with the Nasdaq shedding 1.1% and S&P 500 0.8% ahead of Trump's promised tariffs on Mexico, Canada and China. Chipmaking giant Nvidia (NVDA) is down 6.5% on news that Singapore has charged three men in a U.S. export controls breach case. Crypto stocks have given up large chunks are early gains on Monday, with a number of them — Core Scientific (CORZ) and Bitdeer (BTDR) among them — now sporting sizable losses on the session. “Concerns over U.S. growth, and impending tariffs on China, Mexico, and Canada — set to take effect tomorrow — will be in focus, driving equities and rates,” said Jake Ostrovskis, OTC Trader at crypto market maker Wintermute. Source: CoinDesk Futures Market Updates After a massive liquidation, the BTC OI has fallen below $48B and ETH OI below $20B. Bitcoin Futures Updates Total BTC Open Interest: $46.91B (-14.06%) BTC Volume (24H): $164.82B (+16.42%) BTC Liquidations (24H): $331.91M (Long)/$63.88M (Short) Long/Short Ratio: 48.87%/51.13% Funding Rate: 0.0040% Ether Futures Updates Total ETH Open Interest: $18.94B (-8.70%) ETH Volume (24H): $67.82B (-6.86%) ETH Liquidations (24H): $170.64M (Long)/$34.85M (Short) Long/Short Ratio: 48.74%/51.26% Funding Rate: 0.0018% Top 3 OI Surges OMNI1: $593.00K (+80.54%) COOK: $911.23K (+68.13%) REQ: $850.78K (+67.87%)

Why Is XRP Skyrocketing?

Altcoin season is here! In just under a month, XRP has erased the losses of the past three and a half years, surging by over 400% to reach levels not seen since 2018. This November, it wasn't Bitcoin (BTC), Solana (SOL), or even the frenzy of meme coins that took center stage, but Ripple (XRP) stood out on its own, with a sharp and significant price rise that sent the market into a frenzy. Source: Bitget Now it's time to take a closer look at why XRP's price rose so quickly and what might come next for XRP. Factors Contributing to XRP's Surge XRP's rapid price rise is mainly due to positive news and growing enthusiasm from investors. Here are the three key reasons: 1 - Progress in the SEC Lawsuit The prolonged lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has long been a major drag on XRP’s price. However, in November 2024, there was a surprising twist. The United States Court of Appeals for the Second Circuit ordered the SEC to submit its lawsuit brief by January 15, 2025. Shortly after, Judge Phyllis Hamilton approved a final ruling on the resolved Ripple class-action lawsuit and paused other pending lawsuits, allowing trials to begin by January 21, 2025. On top of that, current SEC Chair Gary Gensler hinted that he might resign around the time of Trump's return to power, which further boosted XRP's price. These updates showed that Ripple might have a legal advantage, which boosted investor confidence. 2 - Expansion of Institutional Partnerships Ripple has also been expanding its industry partnerships. In October, Ripple appointed Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish as trading partners for its upcoming Ripple USD (RLUSD) stablecoin, with liquidity support from B2C2 and Keyrock. Additionally, MoonPay, a crypto payments company, partnered with Ripple to let users buy, store, and manage XRP through their MoonPay accounts. In late November, Ripple also announced partnerships with Archax and UK asset manager ABRDN PLC, with plans to launch the first tokenized money market fund on the XRP Ledger. 3 - Stablecoin Launch As a crypto payments company, Ripple is planning to expand into the stablecoin market. In mid-November, Ripple announced the launch of Ripple USD (RLUSD), a stablecoin focused on corporate use cases. RLUSD aims to provide stability, efficiency, and transparency, enhancing Ripple's cross-border payment solutions and meeting the increasing demand for USD-based transactions, with a potential launch in December. Moreover, multiple sources have suggested that an XRP ETF could be next in line after Bitcoin and Ethereum ETFs. At the end of November, Fox Business reported that global ETF provider WisdomTree registered an XRP ETF in Delaware, and the company confirmed the filing. WisdomTree currently manages over $100 billion in assets. Nate Geraci, President of The ETF Store, also mentioned that Bitwise, Canary, and 21 Shares have already submitted applications for XRP ETFs, with more issuers expected to join. The Future of XRP From a technical perspective, XRP faces significant short-term selling pressure, especially since its recent price trend closely resembles the parabolic movement seen in 2017. Back then, XRP/USD broke out of a years-long symmetrical triangle, surging from below $0.01 to nearly $3.55, its all-time high. In 2024, after consolidating within a similar triangle for over three years, XRP seems to be making a comparable breakout. XRP/USD Monthly Price Chart. Source: TradingView Even though XRP faces technical resistance in the short term, its market cap briefly returned to pre-SEC lawsuit levels. The market seems optimistic as this six-year legal saga, which started in 2018, is nearing its conclusion. The future for Ripple and XRP looks increasingly positive. Earlier, Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings, suggested that Ripple should prepare for an IPO once the SEC issue is resolved. SBI Holdings has been working with Ripple since 2017 to promote global payment innovation. Kitao, who joined Ripple's board in 2019, has been a key supporter of Ripple and XRP, predicting it would become a global standard for digital currencies due to its efficiency, low costs, and scalability. Although Ripple CEO Brad Garlinghouse previously dismissed similar suggestions, an IPO could still be a possibility for Ripple's future. As the regulatory environment for cryptocurrencies continues to improve, more "crypto concept stocks" may enter the U.S. markets, potentially driving another growth wave for Ripple and XRP. Trade XRP on Bitget 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.

Today's X Empire Riddle of the Day & Rebus of the Day for October 10-11, 2024

Ready to challenge your mind in X Empire today? The Riddle of the Day and Rebus of the Day for October 10, 2024, are here to test your skills and keep things exciting! Whether you're building your empire or just getting started, these puzzles are the perfect way to earn rewards and level up your game. So dive in, solve the clues, and show off your puzzle-solving talents—let’s see if you’ve got what it takes! Key Takeaways Riddle of the Day Answer for October 10-11, 2024 is “Whale" Rebus of the Day Answer for October 10-11, 2024 is “Hash” X Empire surpasses 50 million users, boosted by engaging gameplay, NFTs, and community events, with plans for a token listing and fair user experience. X Empire’s airdrop on October 15, 2024, rewards active users, with a token listing and a 690 billion supply supporting platform growth. X Empire Riddle of the Day Answer for October 10-11, 2024 Today's X Empire "Riddle of the Day" is: "A term for individuals or entities that hold large amounts of cryptocurrencies, capable of influencing market prices. Who are they?" The correct answer is Whale. To solve it, tap the "Quests" button at the bottom of your screen, enter the answer, and claim your free in-game cash reward. X Empire Rebus of the Day Solution for October 10-11, 2024 Today's X Empire "Rebus of the Day" answer is Hash. To solve it, go to the "Quests" section, enter the correct answer, and earn extra in-game cash rewards. X Empire Hits 50 Million Users: The Growth of a Blockchain Giant As of October 2024, X Empire has surpassed 50 million users. The platform, built on the TON blockchain, has effectively engaged its user base through tap-to-earn mechanics where players can build virtual empires, complete quests, and earn rewards in cryptocurrency. The platform’s success is further supported by the sale of 60,000 NFTs and regular community events like airdrops, which have been instrumental in increasing participation and engagement among users. Reaching 50 million users demonstrates X Empire’s rapid growth and solid presence in the blockchain gaming industry. The development team plans to continue expanding with upcoming airdrop events and a token listing set for the fourth quarter of 2024. To maintain a fair and authentic user experience, the platform has implemented measures to remove fraudulent accounts and bots, ensuring that legitimate users benefit fully. These efforts highlight X Empire's commitment to providing a secure and engaging environment for its growing community. Get Ready for X Empire’s Airdrop: Important Details You Need to Know The X Empire airdrop is scheduled for October 15, 2024, aimed at rewarding players who actively participated during the mining phase. Eligible users must have connected their TON wallets and completed in-game tasks, such as upgrading avatars and completing quests, to receive their rewards. The development team is focused on ensuring fairness, distributing tokens only to genuine users while excluding fraudulent accounts and bots. Following the airdrop, X Empire plans to list its token, $X, on major exchanges like Binance and Bitget before the end of October 2024. The total token supply of X Empire is 690 billion, with 75% allocated to miners and voucher holders and the remaining 25% reserved for new users, platform development, and liquidity. This structure is designed to promote growth and engage the community, integrating the X Empire ecosystem into the broader cryptocurrency market. Sign Up With Bitget Today and Claim Your $200 Welcome Gift!

Team Member's Playbook To Conquering Bitget's KCGI 2024

Joining a team in Bitget's KCGI 2024 isn't just about trading; it's about becoming part of a dynamic community that pushes one another towards greatness. As a team member, you'll benefit from shared knowledge, diverse strategies, and the collective strength of your teammates, which can significantly enhance your trading performance. It’s the perfect opportunity to learn from seasoned traders, contribute your unique insights, and experience the power of collective effort in achieving spectacular results. Key Dates To Remember Mark these important dates in your diary to ensure you're well-prepared for the competition: ● Team member registration begins: May 24, 2024 ● Team member registration ends: June 06, 2024 ● Extended registration phase: June 07, 2024 to June 12, 2024 (during this phase, new members can continue to join teams but cannot leave them) ● If you are considering to be a team captain: the captain registration phase takes place from May 17 to June 06, 2024 The Rewards Of Participation Let's embark on the thrilling adventure of Bitget's KCGI 2024 together, where not just handsome rewards but also invaluable experiences await you. Prize parade As a team member, you're eligible for a share of any team winnings based on the team’s overall performance in trading volume and PnL. Successful teams can win substantial prizes from the competition’s prize pool, which increases with the number of participants. Moreover, every participant in KCGI 2024, including team members, is automatically eligible for the individual competition. This aspect of the competition recognises and rewards personal excellence in trading, allowing you to shine on your own merits with: The top-tier triumphs ● Top 100 Mavericks: Excel in individual Profit and Loss (PnL) or trading volume and you could be one of the Top 100 traders reaping substantial financial rewards. This elite group enjoys not just monetary gains but also prestigious acknowledgment within the trading sphere. ● Daily High-Fliers: Each day offers a fresh chance to shine. The top 10 daily performers in individual PnL snag additional rewards, with the daily champion bagging a whopping 100 BGB and a Certificate of Honour—a daily dash for the daring! Welcoming the whizz kids ● Newcomer Highlights: New to Bitget? Step into the spotlight with the Newcomer Challenge. Top newcomers by PnL and trading volume can capture prizes from a dedicated newcomer prize pool, making your first foray into KCGI both rewarding and memorable. Added attractions ● Messi Tribute Prizes: Reach a trading volume of 60,000 USDT during the competition and you could enter the Messi tribute lucky draw. Fabulous prizes await, from high-end sports cars to Messi-signed memorabilia, which is a true blend of trading and sporting thrill. ● Early Registration Reward: Simply by registering early and ensuring your account boasts at least 100 USDT in assets, you qualify for enticing early bird rewards. It’s a small step for a trader, but one giant leap towards starting the competition with a bang! ● Task Completion Award: Users who satisfy all of the following requirements will receive trading bonuses: (1) register within the specified period (May 17 to June 06), (2) have at least 100 USDT in their futures account at the start of the competition on June 07 and (3) have successfully joined a team (of at least 10 participants included the captains themselves). More Than Money While the financial incentives of KCGI 2024 are certainly appealing, the real gems are the myriad experiences and personal growth opportunities the competition provides. Each trade serves as a skill sharpener that hones your abilities for future financial endeavours in a high-pressure environment. Outstanding performances not only enhance your reputation but also cement your status within the global trading community. Moreover, competing against some of the finest traders from around the world fosters resilience and bolsters your confidence, both of which are essential in navigating the often turbulent waters of cryptocurrency trading. Registering As A Team Member Step 1: Ensure eligibility Before you register, ensure your Bitget account is funded with at least 100 USDT in your futures account to meet the minimum requirement for participation. Step 2: Access the registration portal Visit the Bitget KCGI 2024 page . Here, you'll find all the information needed to join the competition, including details about the registration process. Step 3: Choose your team Browse the list of available teams and team captains. Consider the factors mentioned in the next part to make your choice. Once you’ve decided, confirm the team you wish to join. Step 4: Complete the registration Follow the prompts to complete your registration. This will likely include confirming your choice of team and entering any required information to finalize your team membership. Step 5: Engage with your team Once registered, actively engage with your team. Participate in pre-competition meetings, strategy sessions, and any training activities. Getting to know your team’s strengths and strategies can greatly enhance your collective and individual performance. Choosing The Right Captain And Team Selecting the ideal captain and team is a choice that can significantly impact your competition experience and outcomes. Here’s how to make that choice wisely: Consider the captain's track record When selecting a team to join, evaluate the captain’s trading history, leadership style, and past competition performance if available. A captain with a solid strategy and a consistent trading record can offer stability and guidance. Team strategy and goals Look for a team whose strategy aligns with your trading style. Whether you’re conservative or aggressive in your trading approach, matching with a team that shares your goals and risk tolerance is crucial. Communication and support Join a team that values open communication and mutual support. These aspects are vital for navigating the ups and downs of trading competitions and can make the experience more enjoyable and educational. As you embark on this exciting journey with your team, remember that your individual performance also counts significantly. Balancing team collaboration with personal trading goals can provide a fulfilling and potentially lucrative experience in Bitget's KCGI 2024. Engage fully with your team, but also seize the opportunity to make your mark individually.

Abble (AABL): The Apple-Inspired Meme Coin Taking the Crypto World by Storm

What is Abble (AABL)? Abble (AABL) is a meme coin on the Solana blockchain that draws inspiration from the tech giant Apple. Just like its namesake, Abble aims to disrupt the status quo and bring something fresh and innovative to the table. With a whopping 19.57 thousand holders, $2.87 million in 24-hour trading volume, and a total market cap of $28.24 million, Abble is no small fry in the crypto pond. How Abble (AABL) Works Abble is a meme coin so it finds its value in the power of community. Think of it as a digital gathering of like-minded individuals who share a love for all things memes. Abble does not promise fancy features or grand roadmaps. One of the standout features of Abble is its homage to the late Steve Jobs, the visionary co-founder of Apple. Meet Stev Jabs, Abble's memeified version of the tech icon, complete with the infamous quote, "I want to put a ding in the memeverse." It's this playful nod to Apple's legacy that adds an extra layer of charm to the Abble experience. But the meme magic doesn't stop there. Abble's website and social media channels are a feast for the eyes, boasting a meme-ified version of Apple's iconic minimalistic style. It's like stepping into a digital wonderland where laughter and crypto collide. And if you need any more proof that Abble is the real deal, look no further than a fun shoutout video from none other than Steve Wozniak, co-founder of the real Apple. With a stamp of approval from one of tech's biggest legends, Abble is clearly making waves beyond the crypto sphere. But what about the nitty-gritty? How does Abble ensure the safety and security of its investors? Well, fear not, because Abble has got you covered. The token's liquidity is burned, and its mint function revoked, offering investors an added layer of protection in the wild world of crypto. AABL Goes Live on Bitget Be part of the evolving memeverse and trade Abble (AABL) on Bitget today! The meme coin is set to list on Bitget on March 29. How to Trade AABL on Bitget Listing time: March 29, 2024 Step 1: Go to AABLUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell With its playful nods to Apple's legacy, vibrant community, and commitment to investor safety, Abble is proving that sometimes, the best investments are the ones that make you smile. Trade AABL 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.

For A Good Slide Into The New Year: Crypto 2023 Recap

As we see more and more signs of a new bull cycle, let's take a look back at the decent 2023, which leads us right out of 2022's utter chaos. More Favourable Economic Regulatory Environment Cryptocurrencies are categorised as a risky investment type, just like stocks, and higher borrowing costs a.k.a. higher interest rates did have some negative effects on crypto prices. That, on top of the bloodbath we witnessed first-hand in 2022, pushed Bitcoin to US$16,521 - its record low since the DeFi Summer 2020. That is also equivalent to a drop of 76% from its all-time high in November 2021. The FED has been aiming for a 'soft landing', that is, to successfully curb inflation without wrecking the economy. But it wasn't until June 2023 that the stubborn core CPI began to move below 5%, whereas the headline CPI already shows significant declines since September 2022. So the FED pressed the pause button on their hawkish interest rate policy, maintaining a 5.25-5.5% range for borrowing since July 2023. That allows Bitcoin price to reverse its course and top US$30K, US$40K and US$44K in less than three months of Q4 this year. It's important to acknowledge the global race for crypto regulation as jurisdictions make the efforts to open doors for crypto - and crypto ETFs as well. The rising stars of the year include Hong Kong and Singapore as the two biggest crypto hubs in Asia and Dubai in the Middle East. Meanwhile, EU and UK companies are expected to comply with MiCA and FSMA to begin providing crypto investment products to more people. The crypto market was poised with two court wins this year: one from Ripple Labs and one from Grayscale, both setting historical precedent for the entire industry. Though Ripple's victory is only partial, at least it keeps the SEC's hands out of crypto sales to retail investors because the ruling says that sales of XRP on exchanges, or by executives, or XRP transfers to developers, employees and charities don't constitute securities. In the case of Grayscale, their win almost guarantees the launch of an ETF tracking the spot price of Bitcoin in the U.S., which is already way behind other countries in terms of institutional access to crypto. The Recovery We Needed Last year was brutal, but as K33 Research has pointed out, this might be the shortest bear market in crypto history. Bitcoin is back to US$44,000 on December 21, Ethereum back to US$2,300 on December 05, but the global market cap already returned to the US$1 trillion mark in January 2023. We have seen XRP flipped BNB to become the fourth largest cryptocurrency by market cap for a brief two weeks then Solana on the rise. However, the spotlight (still) belongs to the flagship cryptocurrency Bitcoin with the inception of NFTs on this network, one collection of which was recently sold by the prestigious auction house Sotheby's . as well as the emergence of BRC-20 (fungible) tokens. To learn more about Bitcoin Ordinals (Bitcoin NFTs) and BRC-20 tokens, check out many of our takes on the theme: BRC-20 Tokens: A Primer What Are Bitcoin Ordinals? Everything You Need to Know About Bitcoin NFT Top 5 Most Valuable Bitcoin Ordinals Collections That Are Leading the Market BRC-20 Tokens Market Cap Reaches $3.3 Billion: Why How Ordinals on Bitcoin: Disruptive Innovation or a Challenging Dilemma? Exploring Bitcoin NFTs: The Journey from Counterparty to Ordinals Behind The Hype: Bitcoin NFTs and the Rise of Ordinals - Top 5 Questions Answered Also worth mentioning is the death of one big stablecoin - BUSD - as part of the continuous regulatory crackdown on Binance. The latest to join the game is payments giant PayPal with PYUSD, a stablecoin fully backed by U.S. Dollar deposits and consequently the buy and sell of PYUSD on PayPal . On the other hand, the issuer of the dominant stablecoin USDT Tether shows their determination to cooperate with law enforcement agencies by onboarding the FBI and the U.S. Secret Service. Stablecoins are mainstream's gateway into the digital space, hence stablecoin regulations and compliance are extremely vital for a thriving crypto market. Countdown To January 10, 2024 Not yet mentioned is the prospect of a spot Bitcoin ETF approval in the U.S. So far, Wall Streets only get their hands on ETFs that offer exposure to Bitcoin futures contracts on the CME, with the ones of highest liquidity being ProShares Bitcoin Strategy ETF (BITO) and ProShares Short Bitcoin Strategy ETF (BITI). The SEC's most progressive steps this year were, first of all, the approval of a leveraged (futures) Bitcoin ETF (Volatility Shares 2X Bitcoin Strategy ETF under the ticker BITX) then recent discussions with applicants of spot Bitcoin ETFs, including Grayscale, 21Shares Ark, BlackRock, VanEck, Fidelity, Valkyrie, Hashdex, and Franklin. The earliest deadline for a spot Bitcoin ETF decision is January 10, 2024 for 21Shares Ark Bitcoin ETF (ARKB), followed by Bitwise Bitcoin ETF (BITB) on March 14 and BlackRock's iShares Bitcoin Trust (IBIT) on March 15, 2024, which are already listed on DTCC website. DTCC is one of the biggest providers of securities clearance and settlements, therefore these listings imply the start of these funds' launching procedure. On top of that, there are only more than 110 days until the fourth Bitcoin halving. Are there enough reasons for buoyancy in crypto in 2024? We believe it's inevitable. Fasten your seatbelt, cuz it gon' be upward from here: Bitcoin Halving: Will We Land on the Moon? 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.

Grapes (GRAPE): A Web3 Entertainment Revolution

What is Grapes (GRAPE)? Grapes is a cross-media, family-friendly entertainment IP that aims to expand into gaming, TV, merchandise, and licensing. It's the brainchild of a kick-ass team led by industry veterans Ben Cusack and Dan Beasley. Ben, former Head of Studio at Square Enix in Europe, brings a wealth of experience from launching iconic mobile games like Lara Croft, Final Fantasy, and Championship Manager. On the other hand, Dan, a serial entrepreneur, has been instrumental in taking global entertainment brands into both Web2 and Web3. With over 500 million downloads collectively and Animoca Brands leading the investment into the London-based Studio in 2022, the Grapes team is well-positioned to steer this project towards unparalleled success. How Grapes (GRAPE) Works Grape NFT At the heart of Grapes lies a captivating collection of 3,333 meticulously crafted NFTs. These Grape NFTs are not just static digital assets. What sets these NFTs apart is their commitment to rewarding NFT holders in the commercial success of their ventures both inside and outside of Web3. This forward-thinking approach reflects the evolution of NFT utility, making Grapes an exciting and revolutionary addition to the space. As a Grape NFT holder, you become part of a community that believes in the tangible benefits of digital ownership for the betterment of the entire community. People can “soft-stake” Grape NFTs through a process known as "harvesting ." This automatic staking allows Grape NFT holders to earn Grape Bunches just by having the NFT in their wallet, creating a continuous stream of rewards without the need for active participation. The longer you harvest your Grape NFT, the more rewards you accrue, emphasizing the project's commitment to long-term engagement and value. Grapes Gaming Universe Beyond NFTs, Grapes offers a vibrant gaming universe with six exciting titles: - Grape Juice: A puzzle game where players match colors to complete rows and columns and earn rewards. - Grape Solitaire: The classic card game reimagined for mobile. - Juice Tycoon: Embark on the juiciest adventure and build a culinary empire in this immersive game. - Grape Island: Explore the island on Roblox, overcome challenges, and conquer bosses. - Grape Run: Race through thrilling levels in this action-packed game. - Deckheads: The cult-classic family guessing game. This diverse range of games ensures there's something for everyone in the Grapes community. Anybody can enjoy an engaging and entertaining experience. Grapes Marketplace To complement the NFTs and games, Grapes introduces a marketplace where enthusiasts can dive in and acquire their own Grapes “things”. This marketplace extends beyond digital assets, offering limited edition collectibles, products, and merchandise. It's not just about being part of the crew; it's an invitation to be a captain of style with Grape merchandise, as users deck themselves out in Grape chic fashion. GRAPE Goes Live on Bitget What sets Grapes apart is its holistic approach to Web3 entertainment. It seamlessly weaves together NFTs, GameFi, tokenization, and marketplace together. The comprehensive ecosystem ensures that users are continually rewarded and entertained, fostering a sense of long-term commitment and community engagement. As the native token of Grapes, GrapeCoin (GRAPE), is listed on Bitget on December 21, don't miss out on the opportunity to trade this innovative token that bridges the worlds of Web3 and the tangible. How to Trade GRAPE on Bitget Step 1: Go to GRAPEUSDT 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 . Grapes is poised to become a global entertainment IP giant in Web3. It's a movement towards a new era of digital collaboration, entertainment, and ownership. The backing of industry powerhouses and the strategic investment by Animoca Brands further solidify Grapes' potential for success. So, buckle up and embark on your journey into the world of Grapes because, in this universe, digital entertainment knows no bounds. Trade GRAPE 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.

Just In Time For Xmas: BGB New ATH In December

2023 is a spectacular year for BGB lovers, and it's just another proof of Bitget's impressive growth. Bitget Is The New Crypto Powerhouse The fall of FTX gave most exchanges a hard time as security and transparency have become the bare minimum. If you take some time to look back at the growing process of Bitget, it's easy to see that we have always been one step ahead of others: the first crypto copy trading platform, the only exchange with no record of security breach, the first one to launch a protection fund, the first one to partner with Space and Time to provide tamperproof and verifiable data audit, one of the first to respond to the FTX event and Turkish earthquake with decent funds, the only one to keep expanding our team amid bear market - you name it. After five years in operation, we are proud to be able to serve more than 20 million users from over 100 countries and regions with a wide range of products and services beyond crypto trading. Our unwavering determination and efforts to make crypto more accessible lead us right to the leaderboard (see the summary below), and too bad baby, we are here to stay. BGB Empowers The Entire Bitget Ecosystem Launching our own native token was a big decision. BGB is meant to be the golden ticket to the vast Bitget-Verse, and that needs to be done properly. So far, users can use BGB for most activities on Bitget from cutting down their trading fees, earning more as a Bitget Copy Trade's elite trader, getting access to exclusive IEOs on Bitget Launchpad, staking BGB to earn BGB on BGB Staking and/or hot tokens on Bitget Launchpool, to simply watching your BGB holdings grow with Bitget Savings. These are just a few examples of what you can do with the little but powerful BGB. More on BGB uses can be found in the BGB White Paper here: BGB White Paper Breaking Its Own Record For The 7th Time Within A Year So now you are saying you are lazy and don't want to sweat to make more money, we got it. But we want to point out what a sound investment BGB could be, even if your bag stays idle. With a standard 2% inflation, which is clearly the very optimistic case for many economies at the moment, your fiat holdings are set to depreciate in value. Meanwhile, BGB has achieved new all-time high times after times in 2023 only, with the latest one being US$0.695649 on December 19 - from a mere US$0.181712 opening price on January 01. That is equivalent to a 282.8% increase in value in less than 365 days; now go back and compare it to the -2% fiat value increase. BGB is also a decent one among exchange tokens. Take a look at the summary below: Note that we are only talking about the Top 5 exchange tokens by market cap - and that in itself is another BGB achievement. Crossing the US$500 million mark for market cap and making it to the Top 67 on CoinMarketCap /Top 74 on CoinGecko demonstrate a giant leap in BGB popularity as well as demand. In terms of performance, BGB has been leading the no-red pack unshakably with a wide gap. We talked about demand, and there are two metrics that show how well-received BGB is, including volume and the volume-to-market cap ratio. BGB volume in 2023 is clearly higher than in 2022, with an increase from US$7,102,471 to US$14,400,923 (+102.8%) in yearly average. Intuitively, we know that volume rises whenever there's a big price movement, regardless of the course, meaning volume does jump when prices see a drop, too. But here's the thing: high volume also says that there are enough people willing to buy, i.e. fill the sell orders, no matter what. Then again that's a sign of an expanding, healthy market with improved liquidity. The 30-day average volume-to-market cap ratio of BGB surpasses that of BNB in 2023 and on par with its 2022 figure even when BGB was still hanging around US$0.20. Go google the term and all will say that a high volume-to-market cap ratio suggests a high level of activities around the token and prices moving towards 'stable'. Of course, sustainably achieving new ATH doesn't count for stability, but can we appreciate the upward momentum and expect a better 'stabilised' price for BGB? There's hope for another BGB miracle before New Year, yet we can already celebrate a nice Christmas with near-US$0.70 BGB prices. Who says bull market isn't here yet? A new cycle has sure begun in February 2023 for BGB. Check out the weekly and monthly recap of BGB price performance here: Bitget Hot Takes/BGB Sail and the summary of BGB's all-time high in November . 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.

BRC-20 Tokens Market Cap Reaches $3.3 Billion: Why & How

In the past few months, people worldwide have been curious about BRC-20 tokens, introduced by an anonymous developer named Domo in May 2023. These tokens, following the Bitcoin Request for Comment 20 (BRC-20) standard, have become popular in the cryptocurrency community. But what makes these tokens so appealing? The Rise of BRC-20 Tokens BRC-20, despite its name’s resemblance to the unrelated ERC-20 tokens, stands out by incorporating memes, a favorite among the majority of cryptocurrency fans. Source: triple-a.io Given the dominant user demographic of individuals under the age of 34, who are more open to decentralized finance (DeFi) opportunities, the appeal of BRC-20 tokens is heightened. By allowing users to add short JSON code—comprising images, text, videos, or even code—to the tokens and trace their existence, BRC-20 token holders experience a unique sense of ownership not typically found in centralized systems. The Giant in Inscription That being said, from the beginning of its launch, BRC-20 tokens have successfully gained a total of US$3.3 billion in market capitalization to date, and the numbers are not going to stop there. The total market cap of BRC-20 coins has reached a whopping US$3.3 billion as of 21 Nov, 2023 (Source: brc-20.io) Amidst the heat of inscription recently, the market cap for the first fungible token using the BRC-20 standard - Ordinals (ORDI), stood at an impressive US$441 million with a US$66.5k trading volume, proving the market is excited about its existence. The Impact Behind BRC-20 Tokens in the Long Run Despite the hype, some critics worry about BRC-20 tokens. They argue that these tokens use the way of storing their data files directly on the blockchain. Unlike Ethereum NFTs, which keep their files on a separate server, this approach could potentially slow down the blockchain because the files are quite large. Importantly, many people who use BRC-20 tokens may not be aware of these potential issues. On the brighter side, Bitcoin miners, who play a crucial role in processing transactions, are quite happy with BRC-20 tokens. This is because handling transactions for these tokens is more profitable for miners than the traditional process of creating new Bitcoin (BTC), and things might change further in the future, with Bitcoin halving coming soon in April 2024. Where to Buy BRC-20 Tokens? Despite the concerns above, BRC-20 tokens are still loved by many. If you want to join the hype, you can definitely find the most popular ones on Bitget! Hot BRC-20 token list you need Bitget is a big player in the world of centralized exchanges, with a whopping US$10 billion in daily trading volume and more than 20 million loyal users from 100 countries. But the most important point is that we value users and strive to give you the most intuitive experience. With that said, Bitget has all the cool BRC-20 tokens ready. You can easily search for the popular BRC-20 tokens in one place, such as: Ordinals (ORDI) The first token with an experimental fungible token standard using ordinal inscriptions. The big bro. Pepe BRC-20 (PEPEBRC / PEPE1) It also honors the creator of the Pepe meme, Matt Furie but with a sadder frog face. Perhaps life is hard. Meme (MEME) The first MEME token on Bitcoin, and no one can forget this iconic meme face. SATS (SATS) Aside from being the small unit of a Bitcoin, Satoshis is now also a fun meme coin that uses Ordinals protocol. Rats BRC-20 (RATS) Inspired by one of the most prolific mammals on earth - the rat, RATS is a new meme coin member on Bitget. Totally rat-ical. Last Few Words Beyond the financial gains, BRC-20 tokens have marked a significant milestone in the history of cryptocurrency. The BRC-20 community, filled with loyal supporters, has played a big role in bringing these tokens to where they are now. Interested in bringing some memes home? Don't miss out on the excitement— come on board by joining Bitget today and share the fun! 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.

Will BlackRock's Bitcoin ETF Proposal Fuel the Next Bull Market?

TL;DR Spot Bitcoin ETFs refer to exchange-traded funds that significantly lower the entry barrier for traditional investors to invest in Bitcoin, thus opening the gateway for traditional capital to enter the crypto world. Spot Bitcoin ETFs are typically managed by a company that purchases and holds real BTC, with their price pegged to the BTC held in the fund. According to statistics, as of 2021, 19 institutions have applied for spot Bitcoin ETFs. However, the U.S. Securities and Exchange Commission (SEC) has not yet approved any of them for listing. The approval of spot Bitcoin ETFs is highly significant for the crypto market. It can enable more financial institutions and individual investors to access Bitcoin investments more conveniently, enhancing liquidity in the crypto market and reducing investment risks. Additionally, it will also accelerate the compliance process for Bitcoin and propel the crypto industry toward a more promising future. On June 16, 2023, the global asset management giant BlackRock's subsidiary, iShares, submitted an application for a spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC). To be named the iShares Bitcoin Trust, the fund's assets will primarily consist of Bitcoin held by the trust's custodian. Fueled by this positive news, the price of Bitcoin surged past US$30,000, setting a new high for 2023. So, what is a spot Bitcoin ETF? How does it work? Why did it fuel the increase in the price of Bitcoin? This article will provide you with a detailed e xplanation of spot Bitcoin ETFs and their importance for the crypto industry. What is a spot Bitcoin ETF? Before we delve into spot Bitcoin ETFs, let's first take a look at what an ETF is. An ETF, also known as Exchange Traded Fund, is a type of securities product that can track the prices of underlying assets such as stocks, bonds, and commodities. It is somewhat similar to what we know as a fund. However, unlike funds, ETFs can be freely purchased or sold on trading platforms. Spot Bitcoin ETF, on the other hand, is a new type of ETF designed to track the spot Bitcoin price. Its price and volatility are closely linked to the price and volatility of the Bitcoin spot market. This means that when Bitcoin's price goes up, so does the Bitcoin ETF price. Conversely, if Bitcoin's price goes down, the ETF price also drops. Unlike traditional BTCUSDT"> BTCUSDT"> Bitcoin trading methods, spot Bitcoin ETFs allow investors to invest in and trade Bitcoin through their securities accounts without the need to directly purchase and hold Bitcoin. This significantly lowers the barriers for institutions and individual investors to invest in Bitcoin. Additionally, spot Bitcoin ETFs can provide increased liquidity and transparency, as well as more accessible trading options. What Benefits Can Spot Bitcoin ETFs Bring to the Market? Lower Bitcoin investment barriers for both institutional and individual investors. Compared to traditional financial markets, investing in Bitcoin can be complex, requiring investors to purchase, store, and hold Bitcoin themselves. This presents certain barriers and risks for some institutional and individual investors from traditional financial markets. Spot Bitcoin ETFs, on the other hand, can be traded on exchanges, making it easier for investors to establish Bitcoin positions without the need for additional learning costs. They can participate in Bitcoin investment just like buying stocks, without concerns about private keys, storage, or security issues. Increased liquidity and stability in the cryptocurrency market. The listing and trading of spot Bitcoin ETFs can enhance Bitcoin's recognition in traditional financial markets, further driving its adoption and popularity. As a result, it can attract the participation of more traditional investors, thereby increasing market liquidity. Additionally, ETFs also enhance transparency and stability in the crypto market, reducing the risks associated with crypto investments, and contributing to the development of the market. Accelerated compliance in the crypto market. The successful approval of spot Bitcoin ETF applications signifies that the crypto market is gradually coming under regulatory oversight, with its compliance being officially recognized. This represents a positive impetus for the recognition of Bitcoin and other cryptocurrencies in the traditional financial markets. How do Bitcoin ETFs Work? Spot Bitcoin ETFs are typically managed by an asset management company, which acquires and holds real Bitcoin and tracks changes in the Bitcoin marke t price through exchange trading. As a result, the price of the ETF is pegged to the price of the Bitcoin held in the fund and reflects the fluctuations in the market. The company lists the ETF on traditional stock exchanges, and investors can trade the Bitcoin ETF just like they would with other stocks. It's important to note that different spot Bitcoin ETFs may employ various investment strategies and tools, leading to potential differences between them. Overview of Spot Bitcoin ETF Applications Over the Years Spot Bitcoin ETFs provide an avenue for both institutional and individual investors to invest in Bitcoin in a compliant manner. Unfortunately, as of 2021, 19 institutions have submitted applications for spot Bitcoin ETFs, but the U.S. Securities and Exchange Commission (SEC) has not approved any of them for listing. Closing Thoughts While the SEC has rejected several attempts by fund management companies to launch spot Bitcoin ETFs, multiple futures-based Bitcoin ETFs have received approval and are trading, indicating that U.S. regulatory authorities are gradually easing restrictions on cryptocurrency ETFs. While there are differences between futures-based ETFs and spot ETFs, this is undoubtedly a positive signal. Recently, several major institutions are still actively attempting to apply for spot Bitcoin ETFs. In just one week, three companies, including asset management giant BlackRock, have submitted spot Bitcoin ETF applications to the SEC. Although the SEC has not yet approved them, this may indicate that spot Bitcoin ETFs are not far from becoming a reality. Whether this will accelerate the return of the next bull market remains unknown. We'll have to wait and see! Not a Bitgetter yet? Sign up now to embark on a journey into the world of crypto! 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.