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Bitcoin’s New Highs and Trump’s Victory: What’s Next for Crypto?

With the 2024 U.S. election results pointing toward a Donald Trump presidency, major shifts were already emerging in the cryptocurrency and global financial markets. As the official results rolled in, Bitcoin soared to a record high, surpassing $75,000, a jump of over 8%. This rapid rise shows the market’s belief that Trump’s administration will support Bitcoin and other digital assets. It also suggests investors are expecting policies that could favor financial growth, despite the potential for inflationary effects. This article will examine the outlook for Bitcoin and the broader crypto landscape under Trump’s leadership, including expected regulatory changes, market reactions, and potential future price trends. Bitcoin’s Rise and the Reaction to Trump’s Victory On election night, as Trump gained critical battleground states like Georgia and Pennsylvania, financial markets moved quickly. Bitcoin shot up more than 8%, and Dogecoin, backed by outspoken Trump supporter Elon Musk, surged over 20%. Other tokens, such as Ethereum, also experienced a bump. This immediate reaction signals confidence from investors who expect a Trump administration to provide a friendlier regulatory environment for crypto than the previous administration. Bitcoin surged over 8% as Trump gained an edge in the U.S. election, even before his official victory (Source: Bitget ) In addition to Bitcoin’s rise, bond yields and stock markets also showed strong upward movement. These trends reflect a broader sense of optimism among investors about Trump’s potential economic policies. The anticipation of lower taxes, business-friendly regulations, and less restrictive trade policies seems to be fueling positive market momentum. With Bitcoin now in a "price discovery" phase, meaning its value is uncharted at these levels, the future looks promising for the crypto market, even with volatility expected along the way. The stock market, including the SP 500, also jumped as Trump neared victory (Source: TradingView ) Trump’s Shift in Stance on Bitcoin and Cryptocurrencies Trump’s current support for cryptocurrencies is a noticeable shift from his past views. Back in 2021, he publicly criticized Bitcoin as a "scam" that should be tightly regulated to protect the U.S. dollar’s dominance. However, his position appears to have softened in recent years, likely influenced by crypto’s growing popularity and potential as a financial asset class. In his 2024 campaign, Trump voiced ambitions to make the U.S. the “crypto capital of the planet .” By promising to support the crypto industry, he has won backing from major figures in the tech and financial sectors, including Tesla CEO Elon Musk, a vocal proponent of Bitcoin and Dogecoin. Musk’s support for Trump’s campaign and cryptocurrency-friendly policies has also influenced investors, particularly as his companies have previously held substantial Bitcoin assets. Trump’s changed outlook on crypto seems to stem from his recognition of the economic benefits that a strong digital asset industry can bring. Crypto-friendly policies could foster new financial technologies, boost market innovation, and attract significant investment. However, while Trump’s rhetoric has shifted, his exact plans for crypto regulation are not fully detailed. Even so, his administration’s apparent openness to crypto could help accelerate industry growth and drive innovation across blockchain technology. Crypto-Specific Regulatory Expectations Under the Trump administration, many expect U.S. crypto regulation to become less restrictive and more supportive of innovation. Previously, under the Biden administration, the crypto industry faced a complex regulatory environment. Agencies like the Securities and Exchange Commission (SEC) took a cautious, often skeptical approach to digital assets, resulting in numerous enforcement actions and limited regulatory clarity. In response, some crypto firms moved their operations overseas, seeking friendlier jurisdictions. Now, with Trump in office, the outlook could be more favorable. Trump’s campaign promises to support the growth of the U.S. crypto industry may lead to regulatory reforms aimed at simplifying and clarifying rules for digital assets. Industry experts are hopeful that Trump’s policies will foster a more balanced approach, potentially reducing the regulatory burden on crypto companies while protecting consumers. A key player in this space will be the Commodity Futures Trading Commission (CFTC), which has been supportive of crypto in certain contexts, as it seeks to distinguish between securities and commodities within the digital asset market. One significant regulatory change may involve shifting more oversight from the SEC to the CFTC. This shift would provide the crypto industry with a regulatory framework that is less burdensome, enabling innovation without excessive restrictions. Such adjustments could enhance the U.S.’s competitive edge in the global crypto market, drawing more firms to establish their operations domestically. Institutional and Retail Investment Growth Another factor driving Bitcoin’s current rally is the influx of institutional and retail investors into the crypto market. Recent data shows increased trading volumes, with exchanges in regions like Asia-Pacific seeing double the usual volume as investors buy into Bitcoin’s rising price. The renewed interest in crypto assets reflects a sense of optimism around Bitcoin’s long-term value, especially with the potential for a Trump-backed regulatory environment. Institutions have shown a growing interest in Bitcoin, with inflows into Bitcoin ETFs rising as well. This increase in institutional interest suggests that Bitcoin is moving from being primarily a retail asset to one that is widely accepted by large investors. With Bitcoin ETFs becoming more popular, institutional investors find it easier to enter the crypto market, which could drive prices higher over time. The cumulative volume of spot Bitcoin ETFs has steadily risen since their approval (Source: The Block ) Additionally, the current bull market is largely driven by spot purchases rather than derivatives, according to crypto market experts. This difference indicates that the demand for Bitcoin is genuine, stemming from buyers who hold the asset rather than trading it short-term. This level of demand, combined with Trump’s policy support, could help stabilize and sustain Bitcoin’s price momentum in the coming months. Potential Risks and Market Volatility While Trump’s victory has created a positive environment for crypto, several risks could impact Bitcoin and other digital assets. Trump’s pro-business policies, including tax cuts and reduced regulations, could also lead to inflationary pressures, which might complicate the Federal Reserve’s efforts to manage interest rates. Rising inflation could impact the purchasing power of the dollar, leading investors to seek alternative assets, like Bitcoin, as hedges against inflation. However, inflationary pressure could also prompt the Fed to raise rates again, potentially making traditional assets like bonds more attractive to conservative investors. Another risk lies in Trump’s protectionist trade policies. If Trump follows through on his promise to impose tariffs on imports, particularly from China, it could trigger trade disputes, affecting the global economy and leading to market volatility. For crypto investors, such volatility could translate into price swings for Bitcoin and other digital assets. Moreover, trade tensions could impact the dollar’s value, indirectly influencing Bitcoin’s price in response to currency fluctuations. Trump’s plans to renegotiate trade deals and increase tariffs might also have implications for tech companies that rely on international supply chains. Given that many tech firms have invested in or developed blockchain technology, including cryptocurrencies, any disruptions to their business models could indirectly impact the crypto industry. The Path Forward: Will Bitcoin Reach Six Figures? With Bitcoin now in a new price range, some analysts suggest it could continue rising toward six figures. Market experts are optimistic that the combination of Trump’s crypto-friendly policies, along with increased demand from retail and institutional investors, could propel Bitcoin’s price to unprecedented levels. If this trend continues, Bitcoin’s bull market could attract further investments, especially as more people turn to alternative assets to protect against economic uncertainty. However, the path to six figures is not guaranteed. Bitcoin’s volatility remains a concern, as the asset can experience sharp price swings due to market sentiment or regulatory developments. While Bitcoin’s recent performance is promising, investors should be prepared for both gains and losses, as the asset is still influenced by various economic and political factors. Conclusion: A New Era for Bitcoin and Cryptocurrency Trump’s return to the White House has undoubtedly marked a pivotal moment for the crypto industry. With Bitcoin at an all-time high and markets showing optimism, the stage is set for a potentially significant period of growth for digital assets. Trump’s pro-crypto stance and the expected shift in regulatory dynamics provide a favorable environment for crypto investors. The next few months will be crucial in determining the long-term trajectory of Bitcoin and the crypto market under Trump’s leadership. While risks remain, including inflation and trade policy uncertainty, the opportunity for a stronger, more robust U.S. crypto industry is clear. Whether Bitcoin reaches new heights or encounters challenges, Trump’s presidency is likely to leave a lasting impact on the future of cryptocurrency in the United States and beyond. Black Friday is coming! Enjoy buying BTC with 20% cashback！ It’s almost Black Friday! BTC hits a new high record of $75,000. Bitget is excited to launch an exclusive Black Friday 20% cashback event for all new registered users! Promotion Period: November 7th to December 7th , 2024 Promotion A: Deposit EUR via a Credit/Debit Card or Bank Deposit and enjoy 100% transaction fee rebates in USDT! Join Promotion A！ Promotion B: Trade BTC on spot/ future ≥100 USDT to get 20% cashback! Join Promotion B！ 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.

What Is Ondo (ONDO)?

What Is Ondo? Ondo, or Ondo Finance, is a U.S.-based issuer of tokenized securities. It was established in 2021 with a mission to democratize access to institutional-grade financial products and services using blockchain technology. Ondo represents a blend of traditional financial wisdom and innovative blockchain applications, aiming to improve both the infrastructure and accessibility of financial products. This US-based technology company has made significant strides in tokenizing securities and developing decentralized protocols to enhance the utility and distribution of these tokens. With a leadership team that includes former members of the Goldman Sachs Digital Assets team and partnerships with institutional giants like Blackrock and Morgan Stanley, Ondo stands at the forefront of integrating real-world financial assets with blockchain technology. The company's expansion into the Asia-Pacific region was marked by the opening of its first office in Hong Kong. Ondo offers a range of tokenized products, such as OUSG (exposure to US Treasuries), OMMF (exposure to US money market funds), and USDY (a yield-bearing alternative to conventional stablecoins), allowing investors worldwide to access key US-based asset classes in a tokenized format. This strategic move aligns with the crypto community in Asia-Pacific and the region's desire for high-quality exposure to US assets, further solidifying Ondo's position as a leader in the tokenized securities market. Resources Official Documents: https://docs.ondo.finance/ Official Website: https://ondo.finance/ How Does Ondo Work? Ondo operates at the intersection of traditional finance (TradFi) and decentralized finance (DeFi), offering a unique blend of products and services. At its core, Ondo facilitates the tokenization of securities, such as US Treasuries and money market funds, thereby bridging the gap between conventional financial assets and the blockchain world. This tokenization process involves converting financial assets into blockchain tokens, making them accessible and tradable on decentralized platforms. For instance, their OUSG token is backed by short-term US Treasuries, managed by BlackRock and custodied by major financial institutions like BNY Mellon and JP Morgan. This approach not only democratizes access to premium financial products but also adds a layer of security and transparency inherent to blockchain technology. In addition to tokenizing securities, Ondo has developed decentralized protocols to improve the distribution and utility of these tokens. One such protocol is Flux Finance, a decentralized platform that supports Ondo's tokenized US Treasuries. By leveraging blockchain technology, Ondo ensures that these protocols operate independently, governed by separate entities, thus maintaining a high standard of security and trust. The company emphasizes transparency and legal compliance, regularly undergoing financial and information security audits, and working closely with reputable institutional partners. Ondo's approach to cash management is another cornerstone of its operation. Recognizing the importance of balancing liquidity and yield, Ondo offers products like OUSG and OMMF, which invest in high-quality, liquid real-world assets. This strategy enables effective cash management for crypto-centric organizations and individuals, providing a safeguard against market volatility and inflation while offering potential returns. What Is ONDO Token? The ONDO token plays an important role in the governance of both Ondo Finance and the Flux Finance protocol. It has a total supply of 10 billion tokens. As a governance token, ONDO allows holders to participate in key decision-making processes and contribute to the development of the ecosystem. This includes proposing and voting on changes to the protocols, thereby ensuring a decentralized and community-driven approach to managing these financial platforms. The recent announcement by the Ondo Foundation regarding a points program and a proposal to unlock the ONDO token highlights the ongoing efforts to engage and empower the token holders within the ecosystem. What Determines Ondo’s Price? The price of ONDO token is shaped by a myriad of factors, pivotal among them being market demand, investor sentiment, and the evolving landscape of blockchain and decentralized finance (DeFi). In the context of cryptocurrency price predictions for 2024, potential investors closely monitor the historical price charts of ONDO, assessing its past performance to forecast future trends. The integration of Ondo's token in its unique offerings, such as tokenized US Treasuries and DeFi protocols, also plays a crucial role in determining its value. As the cryptocurrency market continues to mature, with increasing interest in innovative financial solutions, ONDO stands out as a potentially sound investment, especially for those looking to diversify into tokenized assets and participate in the DeFi sector. For those interested in investing or trading Ondo, one might wonder: Where to buy ONDO? You can purchase ONDO on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Manta Network (MANTA): Building Web3 with A Dual Blockchain Approach

What is Manta Network (MANTA)? Born from a vision to address the limitations of existing blockchain solutions, Manta Network introduces a multi-modular ecosystem consisting of two blockchain networks with a focus on zero-knowledge (ZK) applications. Manta Network started out with Manta Atlantic, which is considered the fastest ZK Layer 1 chain on Polkadot. Then, the ecosystem expanded with the introduction of Manta Pacific, a modular Layer 2 platform driven by community involvement. The core philosophy revolves around empowering users with a seamless and cost-effective environment for deploying ZK applications, addressing the challenges faced by current solutions in terms of high gas costs and slow performance. At the time of writing, Manta Network boasts $506.64m in total value locked and $4.81m in 24H volume. How Manta Network (MANTA) Works Manta Pacific: A Scalable EVM-native L2 Manta Pacific is a unique Layer 2 blockchain built on Ethereum for EVM-native ZK applications. In a landscape where there was no dedicated home for such applications, Manta Pacific fills the void, offering a scalable and cost-effective gas-fee environment. The emphasis is on user safety, making ZK applications the focal point of decentralized app experiences. Unlike traditional solutions, Manta Pacific provides the tooling necessary for easy development and deployment of ZK applications using Solidity. Key Features: ● Programmable ZK as EVM-native L2: Manta Pacific introduces programmable zero-knowledge as an EVM-native Layer 2, enabling developers to leverage the power of ZK technology within a familiar Ethereum environment. ● Universal Circuits for Easy Development: Manta Pacific's Universal Circuits make ZK application development accessible using only Solidity, eliminating the need for developers to learn new languages. This user-friendly approach fosters a more inclusive developer community. ● Data Availability with Celestia: Leveraging Celestia for data availability and zkEVM for scalability, Manta Pacific achieves high scalability and low transaction fees. Celestia's modular data availability, based on 2D Reed-Solomon erasure coding and Namespaced Merkle Trees (NMTs), significantly reduces transaction costs for end-users. ● Developer-Friendly ZK Library: Universal Circuits 2.0 introduces a ZK library so developers can easily integrate ZK-enabled contracts into their existing Solidity smart contracts and dApps. This extends the usability of Manta Pacific's features across various chains and Web2 environments. Manta Atlantic: The Fastest ZK Layer 1 Chain Complementing Manta Pacific, Manta Atlantic takes the lead as the fastest and most decentralized ZK Layer 1 chain designed to support modular on-chain compliance identities. Unlike other ZK identity layers focusing on smart contract languages, Manta Atlantic places a strong emphasis on the ZK compliance credential layer. This approach facilitates real adoption and interoperability, allowing other projects to enjoy interoperable identities without delving into complex cryptographic work. Key Features: ● zkAddress System: Manta Atlantic introduces the innovative zkAddress system, comprising a public account-based address system and a UTXO-based private address system. This system, known as zkAddress, shields information related to SBT minting, on-chain credentials, and off-chain identities. Notably, it is the first private address system that is reusable, independent, and auditable. ● Prove Key for Selective Credential Sharing: Enhancing user privacy, Manta Atlantic incorporates the Prove Key feature. Users can selectively share specific credentials of the zkAddress without revealing their entire ZK identity, ensuring a non-invasive compliance process. Manta Network's Interoperability To facilitate seamless interaction between Manta Pacific and Manta Atlantic, Manta Network introduces the cBridge cross-chain bridge powered by Celer. This bridge, which went live on January 18, 2024, enables users to freely circulate assets, especially the native governance token of the Manta Network, MANTA, between both chains. MANTA Goes Live on Bitget As Manta Network extends its reach through interoperability and real-world adoption, the future holds exciting prospects. Its emphasis on real-world adoption is illustrated by the extension of zkSBT features to over 1.5 million Web3 users. The adoption in BNB Chain projects further underscores the project's potential impact and relevance in the broader blockchain space. Collaboration with prestigious institutions, investment funds, and participation in top Web3 accelerators also demonstrate Manta Network's commitment to achieving sustained growth and ushering in a new chapter of Web3 zk applications. The recent developments and the ongoing growth of the Manta Network ecosystem suggest that now might be an opportune time to explore MANTA token. Seize the opportunity and trade MANTA on Bitget as the token is listed on January 18. You can also take this one-in-a-lifetime chance to trade MANTA and grab a share of 40,000 BGB and 30,000 USDT on Bitget. How to Trade MANTA on Bitget Step 1: Go to MANTAUSDT 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. Manta Network's unique approach to ZK technology, modular ecosystems, and interoperability sets the stage for a promising future in the decentralized web space. The community-driven nature of Manta Pacific, coupled with the emphasis on user-friendly access and compliance in Manta Atlantic, positions Manta Network as a versatile platform catering to a wide array of use cases. Trade MANTA 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.

Security in the Crypto Sphere: Key Concepts Defined

Security is at the root of the crypto industry's continued growth. For investors, the security of their funds is a top priority. To disseminate fundamental funds security knowledge and enhance investors' risk management and funds safety awareness, we've compiled common terms and e xplanations to help you better understand this aspect of investment. Multi-factor authentication (MFA) Multi-factor authentication (MFA) is a security method that requires users to provide two or more distinct authentication factors to verify their identity. These factors can include passwords, fingerprints, facial recognition, smart cards, and more. MFA enhances account security because even if an attacker knows the user's password, they still need additional authentication factors to access the account. Phishing attack In phishing attacks, attackers impersonate trusted websites, making it hard for users to spot the difference. Users may unknowingly share sensitive data like usernames, passwords, and 2FA, which can be exploited to access devices and accounts, potentially leading to unauthorized asset transfers. Therefore, it is important to exercise caution and avoid falling victim to these scams. Official verification channels Official verification channels are offered by exchange platforms to prevent fraudulent individuals from impersonating official personnel. Users can verify their identities through methods such as email, phone numbers, WhatsApp, and other links and accounts. Anti-money laundering (AML) Anti-money laundering refers to the act of adopting relevant measures to prevent any money laundering activity for the purpose of concealing or disguising, by all means, the sources and nature of criminal proceeds generated from any drug-related crime, organizational crime of any gangland, terrorist crime, crime of smuggling, crime of corruption or bribery, crime of disrupting the financial management order, crime of financial fraud, etc. Anti-money laundering is essential for the steady operation of the financial system, social justice, fair m arket competition, and combating corruption and other economic crimes. Know Your Customer (KYC) KYC stands for "Know Your Customer". KYC effectively prevents user identity theft and other forms of manual intervention. In addition, KYC greatly improves user asset security and reduces fraud, money laundering, scams, and terrorism financing. To safeguard user account and asset information, in the event that a user's account or assets are at risk, verifying their KYC information can help the user quickly regain control of their account. Financial license Financial licenses are credentials that a company or person has with a financial authority in order to be able to provide financial services or trading services. The types of financial licenses may vary from one country or region to another, including banking licenses, securities licenses, and insurance licenses, and the requirements for obtaining them can also differ. Obtaining a financial license typically requires meeting a set of specific requirements and standards, as well as complying with relevant regulations and legal requirements. The crypto industry, being relatively new, has not yet established a unified regulatory framework and standards globally. Regulatory attitudes vary among different countries and regions. In the Asia-Pacific region, Hong Kong initiated its licensing regime for virtual asset exchanges on June 1, 2023. Merkle tree A Merkle tree is a tree-like data structure used to verify the integrity and security of data. At the bottom of each account, there is an account node, and both the account balance and account name will be encrypted using SHA256 once. The obtained hash value can be recalculated along with the adjacent hash values, and then computed layer by layer upward until the hash calculation reaches the root of the Merkle tree structure. To verify if the ledger has changed, users only need to follow the steps to perform a hash calculation on their account, locate their position in the tree along with adjacent nodes, and then compute hash values layer by layer until they ultimately reach the tree root that the user has calculated. This data structure is widely used in many fields, such as blockchain, databases, file systems, and more. Proof of Reserves (PoR) Proof of reserves (PoR) refers to an auditing procedure that verifies the holdings of an exchange through cryptographic proofs, public wallet ownership, and recurring audits. The custodian ensures transparency and provides proof of on-chain reserves being equal to or exceeding the sum of all user holdings. If the total amount verified is greater than or equal to 100%, it means that the platform can provide full protection for all user assets. Smart contract audit A smart contract audit involves a detailed inspection and analysis of the code of a smart contract on a blockchain to identify vulnerabilities, flaws, or other potential security issues. Smart contract code audits need to pay special attention to the security, correctness, reliability, and scalability of smart contracts to ensure that the functionality and business logic of the smart contract meet expectations and will not be exploited by hackers or other security threats. Smart contract code audits are typically conducted by professional security auditors or security firms to ensure the security and stability of smart contracts. Nansen Nansen is a blockchain data analytics platform that monitors changes in on-chain addresses and smart contracts over time. This enables users to instantly access the latest market movements and trends, empowering them to make well-informed investment decisions. ISO/IEC 22301:2019 ISO/IEC 22301:2019 is an international standard for Business Continuity Management (BCM) published by the International Organization for Standardization (ISO). This standard provides a framework to assist organizations in maintaining business continuity when faced with unexpected events. It includes a series of requirements and best practices to help organizations respond, recover, and safeguard their critical business functions rapidly when disasters occur. This standard applies to organizations of all types and sizes, regardless of industry or geographical location. ISO/IEC 27701:2019 ISO/IEC 27701:2019 is a Privacy Information Management System (PIMS) standard developed based on the ISO/IEC 27001 Information Security Management System (ISMS) framework. The standard provides a framework to help organizations effectively manage private information and ensure their compliance with relevant privacy regulations and legal requirements. It also provides some best practices for organizations to maintain the effectiveness and sustainability of their private information management systems. ISO/IEC 27001:2013 ISO/IEC 27001:2013 is a standard for Information Security Management System (ISMS) that provides a framework to assist organizations in safeguarding the confidentiality, integrity, and availability of their information. It also ensures the effectiveness and sustainability of their information security management system. The standard includes a series of best practices, such as risk assessments, security controls, and internal audits, to ensure that organizations are able to identify and manage their information security risks. In addition, the standard provides guidance for organizations to ensure that their information security management systems are capable of continuous improvement and adaptation to changing environments. PCI DSS v3.2.1 PCI DSS v3.2.1 is a Payment Card Industry Data Security Standard (PCI DSS) designed to ensure that all organizations handling payment card data adhere to a set of security standards and best practices. Its goal is to protect customers' payment card information from theft or misuse. This standard includes a set of requirements, such as secure network configurations, encrypted storage, access control, and regular monitoring and testing, to ensure that organizations can safeguard the security of their payment card data. The standard also requires organizations to conduct regular self-assessments and audits and to demonstrate compliance with the standard through independent third-party audits. NIST cybersecurity framework The NIST cybersecurity framework is an effective information security management framework that helps organizations establish and maintain effective information security management systems. The US National Institute of Standards and Technology (NIST) provides frameworks, methodologies, and technical guidelines to help organizations perform risk assessment, security controls, and security management. The NIST cybersecurity framework also covers important areas such as authentication, access control, encryption, vulnerability management, incident response, and continuous monitoring. Security is a broad concept with too many aspects to cover in one single article. e hope that this article provides you with the fundamentals of asset security in the crypto world and assists you in navigating the crypto space with greater security. 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.

Bitget Wallet - Your Ultimate Gateway Into the Future

As a global leading crypto exchange, Bitget is proud to introduce the latest member in our family: Bitget Wallet (formerly BitKeep), a non-custodial wallet boasting over 12 million users worldwide across mobile and desktop. Supporting over 90 blockchains with integrated DEX and NFT markets, Bitget Wallet is the ultimate multi-chain wallet and an all-in-one platform for all Web3 dwellers. Your keys, your coins, your identity As a non-custodial wallet, Bitget Wallet does everything to protect your assets. With our $300 million protection fund, your assets will be safer than ever. We also employ our own encryption algorithm and work with established blockchain security firms such as Certik and GoPlus to help you traverse the crypto world with ease and confidence. There’s more. With BSTB (’B’ Soulbound Token - Buddy), anyone can acquire their on-chain decentralized identity that grants exclusive perks and rewards such as airdrops and NFT whitelists. Swap anything, anywhere As the crypto ecosystem continues to evolve and grow, decentralized exchanges (DEXs) have gained immense popularity with their emphasis on inclusiveness and convenience. Bitget Wallet takes this concept one step further with Bitget Swap, a DEX aggregator that includes over 100 major DEXs, automatically picks the best route for you, supports limit orders and futures trading, and has been audited by established blockchain security firms. Bitget Wallet also saves you heaps of time looking up chains trying to purchase lesser-known coins. With our GASU token, you can pay your gas fee for any blockchain in Bitget Wallet. Experience NFTs like never before Non-fungible tokens (NFTs) have captivated the world with their unique value propositions for creators and collectors. With its integrated NFT marketplace, Bitget Wallet brings all the hottest NFT collections to you. You can purchase NFTs on any blockchain effortlessly with any asset and list them on all popular marketplaces with just one click. We have also been scouting for quality collections and offer free mint passes to our users. Beyond the frontier with Launchpad We also do that with fungible tokens. Investing in early-stage crypto projects can be a daunting task, rife with uncertainty and risk. Bitget Wallet aims to change this narrative by offering users a chance to invest in the latest and hottest crypto projects. These cherry-picked tokens offer unique potential to investors and will become great additions or even evolutions for the crypto landscape. A world of possibilities Although blockchain and cryptocurrency have flourished for over a decade, treading through it has never been an easy feat. Tens of thousands of decentralized applications (dApps) are scattered across hundreds of layer-1s and layer-2s. To access a dApp, you have to find out which chain it’s on, find or create a wallet, and deposit some coins to pay for gas fees before you can interact with it. With its built-in dApp browser, Bitget paves an all-in-one gateway into the entire crypto world. You can now access any dApp in Bitget Wallet without worrying about switching between networks or paying gas fees. Simply sign in with your signature, and the wonderful world of crypto will unfold in your palm. True borderless finance Unlike traditional financial institutions built in walled gardens and protected by layers of inspections and restrictions, the world of crypto and blockchain is without borders. Whether you are located in underbanked regions or the middle of the Pacific Ocean, as long as you have Internet access, this world will be open to you 24/7. Bitget Wallet grants you once-and-for-all access to the crypto realm and lets you take the helm of your financial destiny. You can now join millions of users worldwide and experience inclusive and KYC-free decentralized finance in its full glory - swapping, trading, and transacting on any blockchain on your own terms, without any intermediary. A brand new chapter With a $30 million investment and taking over as the controlling stakeholder, Bitget has expanded even further into the Web3 landscape with Bitget Wallet as the latest building block, offering both centralized and decentralized financial services. Bitget will take this opportunity and strive towards the go-to destination for everything crypto. Download Bitget Wallet

Bitget Research: Strong US Dollar Dampens BTC’s Momentum, Short-term Market Hype Cools Down

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1.Popular Tokens: LMWR (Token) — This is a platform for creators that provides a forum for creators and fans. It helps artists, musicians, and video creators develop their own communities and generate additional income. On May 17th, the project announced that exchanges like Kraken, Crypto.com, Gate, Bybit, and Kucoin have listed the token, leading to an increase in on-chain activity. GALA v2 (Token) — On May 16th, the Gala v2 snapshot ended, and all native GALA tokens will be exchangeable for GALA (v2) in the future. The team will also destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16th that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which represents the total income the team has received from GALA. Stimulated by this news, the GALA token has risen 17% in the past 24 hours. GEN (Token) — Positioned as Chad’s meme, GEN has an on-chain liquidity of US$1.21 million, a trading volume of US$13.02 million in the past 24 hours, and a market cap of US$7.83 million. Contract checks reveal the ability to set a blacklist. The token has received a relatively high degree of attention from the community, making it one to stay updated on. ZION (Token) — The token was launched on February 14, and the price increased more than 300x after the trading started. Buyers of the token receive an additional 4% of tokens, while sellers are subject to a 10% tax. The current on-chain liquidity is US$31,000, with a trading volume of US$896,000 in the past 24 hours. The trading volume has severely shrunk. It is essential to stay updated on this token. MONKEYS (Token) — This project capitalizes on Elon Musk’s Twitter list named “Monkeys,” which currently follows no accounts. The current on-chain liquidity is US$1.06 million, and the trading volume in the last 24 hours is US$2.34 million. The token has seen an approximately 50x increase from its bottom, and contract checks have shown no issues. It is essential to stay updated on this token. PENGU (Token) — A meme featuring a penguin image, with 1422 followers on Twitter. The on-chain liquidity is US$169,000, and the trading volume in the last 24 hours is US$3.83 million. Contract checks reveal anti-whale measures, adjustable anti-whale settings, and the ability to set a blacklist. It is essential to stay updated on this token. CLUB (Token) — This is a club with a penguin as its IP. The token has just launched, with an on-chain liquidity of US$82,000 and a trading volume of US$4.12 million in the last 24 hours. The token is experiencing significant volatility. Contract checks reveal features like transaction cooldown, anti-whale mechanisms, and the ability to set a blacklist. It is essential to observe this token. BEN (Token) — This is a meme supported by Twitter influencer @Bitboy_Crypto. The on-chain liquidity is US$2.85 million, and the trading volume in the last 24 hours reached US$5.42 million. Contract checks have shown no issues. The token price recently hit a new high. It is essential to stay updated on this token. LOVESNOOPY (Token) — This is a memecoin using Snoopy as its IP prototype. It has just announced its launch on MXC, with an on-chain liquidity of US$4.22 million and a trading volume of US$6.37 million in the past 24 hours. Contract checks have shown no issues. The token has experienced a 15x increase from the bottom, and the current market cap is US$192 million. It is essential to observe this token. pepeGPT4 (Token) — This is a meme with a mixed concept of Pepe and GPT. It has an on-chain liquidity of US$127,000, with a trading volume of US$4.6 million in the past 24 hours and a market cap of US$2.32 million. The contract has shown no issues. It is essential to stay updated on this token. Aione (Token) — This is an AI concept token, positioned as an AIaaS platform. The on-chain liquidity is US$218,000, the trading volume in the last 24 hours is US$1.27 million, and there are 3703 holders. Contract checks have shown no issues. It is essential to stay updated on this token. W$C (Token) — Positioned as the first decentralized national cryptocurrency driven by smart contracts and based on direct democracy, it shares a similar concept with World coin. Recently, there has been a noticeable uptrend from its bottom. The on-chain liquidity is US$440,000, and the 24-hour trading volume is US$82,000. Contract checks reveal potential mint function. It is essential to observe this token. LG (Token) — Users who have received the ARB airdrop can claim the token. There are 42 billion tokens available for claiming. Any unclaimed tokens after 30 days will be burned. It has a current on-chain liquidity of US$791,000, a 24-hour trading volume of US$505,000, and 45,600 holders. Recently, the token has seen a 20x increase from its bottom, making it an essential token to stay updated on. 2.Popular NFTs: Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha are part of the activity conducted by Polyhedra x Galxe. Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the activity on Galxe. Layer3 (NFT) — The NFT voucher issued by the well-known on-chain task platform Layer3. Users who complete related project tasks on the Layer3 platform can apply for the NFT voucher to get potential profits from the project team. The on-chain task platform is also a good place to discover early projects, making it an essential platform to stay updated on. 3.Popular DApps: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 547,000 unique wallet addresses on the zkSync Era mainnet, with 204,000 ETH bridged to zkSync and a total of 667,000 transfers. The user activity remains solid, showing an upward trend recently. TinyTap (DApp) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. Its community includes over 9.5 million families and 250,000 educators, offering 250,000 interactive lessons from around the world. Its token, EDU, was previously launched on Binance Launchpad. PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended on May 15, and it announced its listing on DappRadar on May 16 to increase the transparency of on-chain interactions. Lighter Router (DApp) — A DeFi router invested in by A16Z and Lightspeed, which stands out for its more affordable, faster, and cheaper routing prices. As a decentralized order book exchange, it has great potential as a recently launched platform. 4.Twitter Hot Topics: ARB (Token) — Arbitrum has been actively running promotions recently. It held Twitter Space events with projects like timeswap, ascenders, socket, and dhedge on Twitter, generating a certain level of popularity in Twitter discussions. SUI (Token) — The performance has been weak since its listing, with the token price continuously falling. Recently, projects within the SUI ecosystem have gradually started to emerge. SUI started its APAC office hours the day before yesterday, allowing developers in the Asia-Pacific region to directly connect with the SUI team and receive guidance. 5.Regional Trending Searches: Ledger (DApp) — Hardware wallet Ledger has introduced an ID-based key recovery service called “Ledger Recover”, which has met strong opposition from some users. This feature has faced criticism due to its requirement for KYC registration, with some users arguing that it goes against the privacy values held by many in the crypto community, undermining the purpose of hardware wallets. PulseX (Token) — The upcoming mainnet launch of the Pulse Network, a project by the famous influencer Richard Heart, has sparked enthusiasm within the Pulse chain community. According to the information on the official website of PulseX, Pulsechain will be a more energy-efficient and secure fork of the ETH; it will fully replicate all assets on Ethereum, such as Hex, Link, Uni, USDC, Dai, etc.; and all Ethereum holders will be airdropped PLS tokens. Main Body Written by: Bitget Research Data collection time: May 17, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1.Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 394,651 New active users of ETH: 74,295, with a daily decrease of 5.07% Existing active users of ETH: 320,356, with a daily decrease of 4.84% 1.1.2 New User Profile Core data: There were a total of 74,295 new active users on ETH yesterday, with a daily decrease of 5.07% Popular Sectors Popular Projects Key Projects: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 547,000 unique wallet addresses on the zkSync Era mainnet, with 204,000 ETH bridged to zkSync and a total of 667,000 transfers. The user activity remains solid, showing an upward trend recently. LMWR (Token) — This is a platform for creators that provides a forum for creators and fans. It helps artists, musicians, and video creators develop their own communities and generate additional income. On May 17th, the project announced that exchanges like Kraken, Crypto.com, Gate, Bybit, and Kucoin have listed the token, leading to an increase in on-chain activity. https://www.dextools.io/app/en/ether/pair-explorer/0x5c2891e67cba6b5481f89d3701a78a1cfdac117f 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 320,356, with a daily decrease of 4.84% Popular Sectors Popular Projects Key Projects: GALA v2 (Token) — On May 16th, the Gala v2 snapshot ended, and all native GALA tokens will be exchangeable for GALA (v2) in the future. The team will also destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16th that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which represents the total income the team has received from GALA. Stimulated by this news, the GALA token has risen 17% in the past 24 hours. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 GEN (Token) — Positioned as Chad’s meme, GEN has an on-chain liquidity of US$1.21 million, a trading volume of US$13.02 million in the past 24 hours, and a market cap of US$7.83 million. Contract checks reveal the ability to set a blacklist. The token has received a relatively high degree of attention from the community, making it one to stay updated on. https://www.dextools.io/app/en/ether/pair-explorer/0x1ca4713fc4a95f76fcb498b2a5fe8759c53df1a1 ZION (Token) — The token was launched on February 14, and the price increased more than 300x after the trading started. Buyers of the token receive an additional 4% of tokens, while sellers are subject to a 10% tax. The current on-chain liquidity is US$31,000, with a trading volume of US$896,000 in the past 24 hours. The trading volume has severely shrunk. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0x559a3b93771cf03eb501d3fb88e647a251d6b98a MONKEYS (Token) — This project capitalizes on Elon Musk’s Twitter list named “Monkeys,” which currently follows no accounts. The current on-chain liquidity is US$1.06 million, and the trading volume in the last 24 hours is US$2.34 million. The token has seen an approximately 50x increase from its bottom, and contract checks have shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xa67ceebf094b32ff3313f9a63150c74792a1acdc PENGU (Token) — A meme featuring a penguin image, with 1422 followers on Twitter. The on-chain liquidity is US$169,000, and the trading volume in the last 24 hours is US$3.83 million. Contract checks reveal anti-whale measures, adjustable anti-whale settings, and the ability to set a blacklist. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xd76d3bc1e2d5954de690cd9987cc073458ec0e0d CLUB (Token) — This is a club with a penguin as its IP. The token has just launched, with an on-chain liquidity of US$82,000 and a trading volume of US$4.12 million in the last 24 hours. The token is experiencing significant volatility. Contract checks reveal features like transaction cooldown, anti-whale mechanisms, and the ability to set a blacklist. It is essential to observe this token. https://www.dextools.io/app/en/ether/pair-explorer/0xdf865a573173fbe05293460d8ea6c55dd71f779b 1.2.2 Uniswap V3 BEN (Token) — This is a meme supported by Twitter influencer @Bitboy_Crypto. The on-chain liquidity is US$2.85 million, and the trading volume in the last 24 hours reached US$5.42 million. Contract checks have shown no issues. The token price recently hit a new high. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xdce93ed9ae7c53143e19cf799d156b72d1cc2777 LOVESNOOPY (Token) — This is a memecoin using Snoopy as its IP prototype. It has just announced its launch on MXC, with an on-chain liquidity of US$4.22 million and a trading volume of US$6.37 million in the past 24 hours. Contract checks have shown no issues. The token has experienced a 15x increase from the bottom, and the current market cap is US$192 million. It is essential to observe this token. https://www.dextools.io/app/en/ether/pair-explorer/0x4fc81c84a732b4eb5fc739673d328ce7ffe37539 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,502,593 New active users on BSC: 227,680, with a daily increase of 11.86% Existing active users on BSC: 1,274,913, with a daily increase of 1.94% 2.1.2 New User Profile Core data: There were a total of 227,680 new active users on BSC yesterday, with a daily increase of 11.86% Popular Sectors Popular Projects Key Projects: TinyTap (DApp) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. Its community includes over 9.5 million families and 250,000 educators, offering 250,000 interactive lessons from around the world. Its token, EDU, was previously launched on Binance Launchpad. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,274,913, with a daily increase of 1.94% Popular Sectors Popular Projects Key Projects: PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha (https://zkbridge.com/nft) are part of the activity conducted by Polyhedra x Galxe (https://galxe.com/polyhedra/campaign/GCW7sUEAyS). Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the event on Galxe. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 BOJACK (Token) — A meme project that was launched 3 days ago. The total on-chain liquidity is $284,000, with a 24-hour trading volume of $7.22 million. It plummeted by 56% today. Contract checks reveal adjustable transaction tax, making it essential to observe this token cautiously. https://www.dextools.io/app/en/bnb/pair-explorer/0x0f520ccd68b12c2649a48927a8c1c94fa1bf9429 BIBI (Token) — A Twitter bird-shaped memecoin that is widely circulated in the Chinese community. The liquidity pool depth is US$313,000, and the daily trading volume is US$1.63 million. It has increased by 14% in the last 24 hours. https://www.dextools.io/app/cn/bnb/pair-explorer/0xbabfb8eac3d264e5e55a22f7bd83e73aa3227e9f pepeGPT4 (Token) — This is a meme with a mixed concept of Pepe and GPT. It has an on-chain liquidity of US$127,000, with a trading volume of US$4.6 million in the past 24 hours and a market cap of US$2.32 million. The contract has shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x0be02bd043305b0c7afc6bf835174d2e3cb6c7a5 Aione (Token) — This is an AI concept token, positioned as an AIaaS platform. The on-chain liquidity is US$218,000, the trading volume in the last 24 hours is US$1.27 million, and there are 3703 holders. Contract checks have shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/bnb/pair-explorer/0x9019e812a436003ad2c515492cffb784937ab2aa 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 460,381 New active users on Polygon: 121,118, with a daily decrease of 1.44% Existing active users on Polygon: 339,263, with a daily increase of 8.11% 3.1.2 New User Profile Core data: There were a total of 121,118 new active users on Polygon yesterday, with a daily decrease of 1.44% Popular Sectors Popular Projects Key Projects: Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended on May 15, and it announced its listing on DappRadar on May 16 to increase the transparency of on-chain interactions. Layer3 (NFT) — The NFT voucher issued by the well-known on-chain task platform Layer3. Users who complete related project tasks on the Layer3 platform can apply for the NFT voucher to get potential profits from the project team. The on-chain task platform is also a good place to discover early projects, making it an essential platform to stay updated on. 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 339,263, with a daily increase of 8.11% Popular Sectors Popular Projects Key Projects: ZED RUN (DApp) — A horse racing game that has already launched, with 67,000 followers on Twitter and 231,000 monthly visits according to Similarweb. The majority of visitors are from the United Kingdom (40.33%) and the United States (40.07%). The game is very popular within its community. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 W$C (Token) — Positioned as the first decentralized national cryptocurrency driven by smart contracts and based on direct democracy, it shares a similar concept with World coin. Recently, there has been a noticeable uptrend from its bottom. The on-chain liquidity is US$440,000, and the 24-hour trading volume is US$82,000. Contract checks reveal potential mint function. It is essential to observe this token. https://www.dextools.io/app/en/polygon/pair-explorer/0xa90c1c009dc8292bd04ced30f9b53a5ff7a806a0 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 249,032 Arbitrum New Active Users: 57,711, with a daily increase of 28.06% Arbitrum Existing Active Users: 191,321, with a daily increase of 6.78% 4.1.2 New User Profile Core data: There were a total of 57,711 new active users on Arbitrum yesterday, with a daily increase of 28.06% Popular Sectors Popular Projects Key Projects: Orbiter (DApp) — A cross-chain bridge that currently supports cross-chain transactions between 11 chains. When users interact with networks such as zkSync Era/Lite, the gas cost of using the official cross-chain bridge to cross-chain from the ETH mainnet to zkSync is relatively high. Many users choose to use Orbiter to cross-chain from the Arbitrum chain to the zkSync network. Bungee (DApp) — A cross-chain aggregator with high expectations for airdrops and overall operational popularity. On February 21st, the project launched a new beta version of its product, and it has 66,100 followers on Twitter, including 106 influencers. The product was already integrated into Polygon zkEVM. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 191,321, with a daily increase of 6.78% Popular Sectors Popular Projects Key Projects: Lighter Router (DApp) — A DeFi router invested in by A16Z and Lightspeed, which stands out for its more affordable, faster, and cheaper routing prices. As a decentralized order book exchange, it has great potential as a recently launched platform. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 LG (Token) — Users who have received the ARB airdrop can claim the token. There are 42 billion tokens available for claiming. Any unclaimed tokens after 30 days will be burned. It has a current on-chain liquidity of US$791,000, a 24-hour trading volume of US$505,000, and 45,600 holders. Recently, the token has seen a 20x increase from its bottom, making it an essential token to stay updated on. Taikula (Token) — Taikula is a memecoin project aimed at becoming the most recognizable project in the meme world. The token’s current DEX liquidity depth is US$198,000, with a total market cap of US$398,000. The token has essentially hit almost zero recently. Trading comes with high risks under current market conditions. Participation should be done with caution. 5.DApp Ecosystem — All Chains AtomicAssets (Dapp) — Built on WAX/EOS, AtomicAssets is an NFT asset standard, and AtomicHub is the NFT marketplace within the ecosystem. Today, it will launch the NFT launchpad for the Web3 MMORPG game Avalon The Game, including 4 NFTs: The Druidic Cross of Conrad, The Knight of the Round Table, Large House & Village Farm Land. Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended on May 15, and it announced its listing on DappRadar on May 16 to increase the transparency of on-chain interactions. 6.DApp Ecosystem — ETH Chain The Captainz (NFT) — The main NFT of Memeland (https://opensea.io/collection/thecaptainz). Behind Memeland is the Web3 risk studio 9GAG, with over 200 million+ monthly views. Since its launch, the floor price of its NFT has nearly doubled. The Captainz represents the top members of Memeland and the members will have priority to obtain $memecoin benefits. LIDO (DApp) — As a leading project in the LSD sector, it officially launched its V2 version yesterday through on-chain voting. This new version introduces direct withdrawal and a new staking module, allowing stakers to directly unstake their Ethereum through Lido. According to on-chain data, many whales have recently been hoarding Lido. Benefiting from the ETH LSD market trend, the platform’s token has been performing well recently, rebounding over 30% from its recent low, with a 24-hour trading volume of US$100 million. 7.DApp Ecosystem — BSC Chain CyberConnect (DApp) — The Web3 social network CyberConnect, set for an ICO on Coinlist, has released a Litepaper. The three core components of CyberConnect are CyberProfile, CyberConnect Social Graph, and the currently under-development smart contract wallet, CyberWallet. The native token of CyberConnect, CYBER, is used for governance, CyberProfile mint payments, and gas payments in CyberWallet. CyberWallet is under development and will be deployed on Ethereum, Optimism, Arbitrum, BNB Chain, Base, and Polygon. Meta Merge (DApp) — A metaverse project combining AIGC, NFT, DeFi, and gaming, supported by UltiverseDAO. Capture pets, defeat enemies, mint NFTs, and embark on your adventure in the world of monsters in Meta Merge. The rebirth function was launched yesterday to unleash the power of game pets. 8.DApp Ecosystem — Polygon Chain Pixels (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended on May 15, and it announced its listing on DappRadar on May 16 to increase the transparency of on-chain interactions. One World Nation (DApp) — This is a mini-game in the NFT category where players form teams made up of five small dragon NFTs for data-based competition. The game has a very low entry threshold. It offers daily rewards of US$30, leading to a rapid increase in UAW recently. 9.DApp Ecosystem — WAX Chain AtomicAssets (Dapp) — Built on WAX/EOS, AtomicAssets is an NFT asset standard, and AtomicHub is the NFT marketplace within the ecosystem. Today, it will launch the NFT launchpad for the Web3 MMORPG game Avalon The Game, including 4 NFTs: The Druidic Cross of Conrad, The Knight of the Round Table, Large House & Village Farm Land. Realm NFT (DApp) — A strategic resource management game set in the context of a world war. Players can save the world with teamwork and earn tokens by playing the game. The main features of the game have been developed and launched. Its 8th season event officially kicked off yesterday and has been well-received. 10.DApp Ecosystem — Solana Chain Magic Eden (DApp) — The largest NFT trading marketplace on Solana, it has transitioned to multi-chain development recently. It launched Wasta Corp’s Launchpad project recently, with all 3000 units sold out. The secondary market trading activity is average. 11.DApp Ecosystem — Arbitrum Chain Li.Fi (DApp) — A cross-chain bridge and DEX aggregator, LiFi automatically selects the best trading route, using the most liquid and cheapest fees to allocate assets at the lowest cost. The project raised $5.5 million in funding in July 2022, led by 1kx. Its trading platform, JumperExchange, is conducting an exclusive task promotion with Layer3, leading to an increase in its popularity. Rhino.fi (DApp) — A DeFi project deployed on the zKsync Era, currently running promotions. Through Rhino.fi, cross-chain transaction fees from ETH to the zKsync ecosystem are halved. The project also supports users in cross-chain asset operations from Arbitrum. As a native project on zKsync, interacting with Rhino may result in Zksync and Rhino’s own airdrop rewards. 12.DApp Ecosystem — GameFi Sector Across All Chains ISKRA (DApp) — Iskra is a blockchain gaming platform built on Klaytn, bringing together gamers and game studios. Its DAU is continuously increasing. The platform allows gamers to explore and enjoy high-quality blockchain games and create their own communities. Users can access new gaming projects through the platform’s Launchpad. The platform is currently preparing a promotion for the cooking game Norma in Metaland and will launch NFTs soon. 13.Gas Fee Consumption — ETH Chain GALA (Token) — On May 16th, the Gala v2 snapshot ended, and all native GALA tokens will be exchangeable for GALA (v2) in the future. As promised in the 2023 Gems Vision Plan document, the team will destroy 500 million GALA tokens each quarter in 2023. In addition, the team disclosed in a Medium post on May 16th that they are currently in the process of destroying an additional 3.96 billion GALA tokens, which represents the total income the team has received from GALA. 14.Gas Fee Consumption — BSC Chain The contract address named Seg Finance: CrazyShoes Mall is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has reached 19,658 holders, with 95% of the chips concentrated in one EOA address. It’s hard to determine what kind of DApp or whatever this contract address is, as detailed information is hard to find on social media and search engines. 15.Gas Fee Consumption — Polygon Chain XEN (DApp) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, with the top three occupied by contracts like XEN Torrent, Cointool, and MCTXenft tools that can batch mint XEN, resulting in higher gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” 16.Gas Fee Consumption — Arbitrum Chain Stargate (DApp) — Influenced by the expectation of Layerzero’s token issuance, Stargate’s interaction data remains at a high level. On May 1st, it announced that its protocol processed a total trading volume of US$2.3 billion in April, which indicates a significant growth in the protocol data. 17.Twitter Trends Token Top 20 ARB (Token) — Arbitrum has been actively running promotions recently. It held Twitter Space events with projects like timeswap, ascenders, socket, and dhedge on Twitter, generating a certain level of popularity in Twitter discussions. SUI (Token) — The performance has been weak since its listing, with the token price continuously falling. Recently, projects within the SUI ecosystem have gradually started to emerge. SUI started its APAC office hours the day before yesterday, allowing developers in the Asia-Pacific region to directly connect with the SUI team and receive guidance. 18.Google Trends — Global Ledger (DApp) — Hardware wallet Ledger has introduced an ID-based key recovery service called “Ledger Recover”, which has met strong opposition from some users. This feature has faced criticism due to its requirement for KYC registration, with some users arguing that it goes against the privacy values held by many in the crypto community, undermining the purpose of hardware wallets. PulseX (Token) — The upcoming mainnet launch of the Pulse Network, a project by the famous influencer Richard Heart, has sparked enthusiasm within the Pulse chain community. According to the information on the official website of PulseX, Pulsechain will be a more energy-efficient and secure fork of the ETH; it will fully replicate all assets on Ethereum, such as Hex, Link, Uni, USDC, Dai, etc.; and all Ethereum holders will be airdropped PLS tokens. 19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: DREP, SAND b) Southeast Asia Region Philippines Trending Tokens: TRX, XRP, MATIC, BTC, SLP Indonesia Trending Tokens: XEN Vietnam Trending Tokens: dana crypto capital c) East Asia and Hong Kong, Macau, and Taiwan Taiwan Trending Keywords: crypto credit card 20.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: dune b) English-speaking Countries USA Trending Tokens: DREP, LMWR Australia Trending Tokens: DOT, DREP, AIDOGE, DAI Canada Trending Tokens: PI, IOTA, GME UK Trending Tokens: XEN, GFI, SHIB c) Europe Poland Trending Tokens: HEX Spain Trending Tokens: AIDOGE, ADAX, RUNE, DREP, VRA Italy Trending Tokens: ICP, CRO France Trending Tokens: TAO, CANTO, DREP, CAKE Germany Trending Tokens: HNT, GALA Turkey Trending Tokens: GPT 21.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: dca crypto meaning, crypto faucet, berry max trading b) Middle East Trending Keywords: tradingview, quantify crypto c) Latin America Brazil Trending Tokens: KSM, AAVE, GALA, XEN Argentina Trending Tokens: SHIB

Bitget Research: World App NFT Minting Volume Breaks 65,000, Memecoin Hype Cools Down

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1.Popular Tokens: BOJACK (Token) — BoJack Horseman-themed meme, with a certain cultural significance. Raised 596 BNB through FairLaunch on Pinksale, currently valued at approximately $1M. In the past 24 hours, there have been 11,356 on-chain transactions, with 6,640 buys. The contract shows no apparent risks. CAPO (Token) — Memecoin inspired by The Godfather film, a project that conducted its TGE and launched trading a few days ago There is significant on-chain trading activity and high community discussion interest. It is available for trading on Bitget. AIDOGE (Token) — AIDOGE has completed a round of Airdrop distribution (49.95% unclaimed $AIDOGE between April 15 and May 15 were distributed to those who participated in the AIDOGE x Galxe promotion and holders of OAT who have NEOs’ Party). The AIFI and DAO modules, which are not yet launched on the AIDOGE official website, still attract the attention of some users. GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH. 2.Popular NFTs: Introducing World App (NFT) — A cryptocurrency company founded by OpenAI CEO Sam Altman, Worldcoin, has launched the “Introducing World App” NFT to celebrate the launch of World App. The minting volume has exceeded 65,000. On May 8, Worldcoin launched its first product, the World App, a cryptocurrency wallet based on Polygon that only has basic buy, store, and send token functionalities. Users with a World ID can access certain applications and services. The World App will provide a gateway for World ID users to claim their allocated Worldcoins. mint.fun (NFT) — mint.fun is an NFT minting aggregation platform. After connecting their wallets, users can mint corresponding NFT series. It has a simple and clear interface, showing comprehensive types of information. Similarly, creators can start their own NFT projects on mint.fun. Owning NFTs and purchasing NFTs that are on sale on mint.fun can earn reward points. As of May 15, due to the last day before the deadline, it occupied a high position in gas consumption. Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha (https://zkbridge.com/nft) are part of the activity conducted by Polyhedra x Galxe (https://galxe.com/polyhedra/campaign/GCW7sUEAyS). Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the event on Galxe. SNS (NFT) — Sui Name Service (Mystery Box NFT) was pre-launched on Galxe. Users who complete tasks can earn this NFT. Currently, there are 91,330 holders. 3.Popular DApps: Orbiter (DApp) — A cross-chain bridge that currently supports cross-chain transactions between 11 chains. When users interact with networks such as zkSync Era/Lite, the gas cost of using the official cross-chain bridge to cross-chain from the ETH mainnet to zkSync is relatively high. Many users choose to use Orbiter to cross-chain from the Arbitrum chain to the zkSync network. Stargate (DApp) — Stargate continues to rank highly in terms of daily activity on Polygon. This is mainly due to airdrop hunters. During Layer0 cross-chain interaction processes, the gas costs in the “Polygon — Avalanche, Polygon — FTM, BNB — Polygon” cross-chains are relatively lower, boosting Stargate’s UAW data on Polygon. Blur (DApp) — Blur’s NFT lending protocol, Blend, has added support for the BAYC and MAYC NFT series. In addition, data shows that Blur’s total trading volume has broken through 4 million transactions, with over 160,000 unique buyers. TinyTap (DApp) — Open Campus, a Web3 education protocol strongly associated with TinyTap, has launched a $10 million global educator fund. This fund will provide support to educators who create content for Open Campus and its partner platforms to develop K-12 education content. Applicants must be qualified teachers, educational institutions, or individuals or teams with knowledge of a given subject matter. The content should specify a clear age range, theme, and goal, describing the knowledge learners will gain. Meta Merge (DApp) — A metaverse project combining AIGC, NFT, DeFi, and gaming. Capture pets, defeat enemies, mint NFTs, and embark on your adventure in the world of monsters in Meta Merge. The project’s Pet NFT has 8956 holders. Pixels (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended yesterday at noon. Mintfun (DApp) — As a primary NFT marketplace project, it aims to be the Reddit of Web3. The team behind the project is Context, an incubation team that has received initial funding of US$19.5 million from Variant, Dragonfly, and Sam Altman. The vision is to establish a human-readable future Web3 community. MintFun Pass has a sales volume of 160,000, with a snapshot period already completed. Related promotions/incentives will be rolled out on Friday. Trade Signal (DApp) — A provider of cryptocurrency trade signals and gambling games. It offers the latest news, analysis, and overview of the crypto market, occasionally introducing high-potential, high-risk shitcoins. There is a referral program, where one can earn a 10% registration fee from the smart contract by referring a new user. Additionally, their gambling product awards 1 BNB to a lucky winner every day. 4.Twitter Hot Topics: SUI (Token) — The performance has been weak since its listing, with the token price continuously falling. Recently, projects within the SUI ecosystem have gradually started to emerge. Yesterday, SUI started its APAC office hour, allowing developers in the Asia-Pacific region to directly connect with the SUI team and receive guidance. ARB (Token) — Arbitrum has been actively running promotions recently. It held Twitter Space events with projects like timeswap, ascenders, socket, and dhedge on Twitter, generating a certain level of popularity in Twitter discussions. 5.Regional Trending Searches: EDU (Token) — Open Campus is a Web3 educational protocol platform where teachers and creators can earn tokens in recognition of the educational content they produce and profit from it. Yesterday, the project announced a partnership with Animoca Brands and announced the launch of the US$10 million Open Campus Global Educators Fund. This fund is a dedicated grant designed to reward global teachers and creators for developing K-12 educational content with its partner platforms for Open Campus. The price briefly rose yesterday due to this news. Main Body Written by: Bitget Research Data collection time: May 16, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1.Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 414,906 New active users of ETH: 78,260, with a daily increase of 7.15% Existing active users of ETH: 336,646, with a daily increase of 2.10% 1.1.2 New User Profile Core data: There were a total of 78,260 new active users on ETH yesterday, with a daily increase of 7.15% Popular Sectors Popular Projects Introducing World App (NFT) — A cryptocurrency company founded by OpenAI CEO Sam Altman, Worldcoin, has launched the “Introducing World App” NFT to celebrate the launch of World App. The minting volume has exceeded 65,000. On May 8, Worldcoin launched its first product, the World App, a cryptocurrency wallet based on Polygon that only has basic buy, store, and send token functionalities. Users with a World ID can access certain applications and services. The World App will provide a gateway for World ID users to claim their allocated Worldcoins. Mintfun (DApp) — As a primary NFT marketplace project, it aims to be the Reddit of Web3. The team behind the project is Context, an incubation team that has received initial funding of US$19.5 million from Variant, Dragonfly, and Sam Altman. The vision is to establish a human-readable future Web3 community. MintFun Pass has a sales volume of 160,000, with a snapshot period already completed. Related promotions/incentives will be rolled out on Friday. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 336,646, with a daily increase of 2.10% Popular Sectors Popular Projects Mintfun and Introducing World App have been explained above. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 There is an issue with the data. The data will be fixed and restored as soon as possible. 1.2.2 Uniswap V3 There is an issue with the data. The data will be fixed and restored as soon as possible. 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,454,164 New active users on BSC: 203,535, with a daily increase of 24.04% Existing active users on BSC: 1,250,629, with a daily increase of 14.03% 2.1.2 New User Profile Core data: There were a total of 203,535 new active users on BSC yesterday, with a daily increase of 24.04% Popular Sectors Popular Projects TinyTap (DApp) — Open Campus, a Web3 education protocol strongly associated with TinyTap, has launched a $10 million global educator fund. This fund will provide support to educators who create content for Open Campus and its partner platforms to develop K-12 education content. Applicants must be qualified teachers, educational institutions, or individuals or teams with knowledge of a given subject matter. The content should specify a clear age range, theme, and goal, describing the knowledge learners will gain. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,250,629, with a daily increase of 14.03% Popular Sectors Popular Projects Loyalty Program (NFT) — The NFTs minted on zkBridge Mainnet Alpha (https://zkbridge.com/nft) are part of the activity conducted by Polyhedra x Galxe (https://galxe.com/polyhedra/campaign/GCW7sUEAyS). Users mint the NFT to earn points in anticipation of an airdrop, with over 70,000 people participating in the event on Galxe. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 Raptor (Token) — A memecoin that was deployed just one day ago, with 14,580 on-chain transactions, and a trading volume of US$4.67 million. The contract has no obvious risks, but the liquidity pool only has US$149,120, which can lead to dramatic price volatility. After deploying the token, the contract deployer transferred some tokens into Binance, Gate, and other exchange wallets, possibly misleading investors. Caution is advised. https://www.dextools.io/app/en/bnb/pair-explorer/0x9a825499f60a8ac85331adc456bac768cbd8a402 BABU (Token) — A token that was deployed less than two days ago. Although there were many on-chain transactions in the past 24 hours, investigation shows that this is a fake trading volume made by a single address. The 24-hour trading volume is only US$330,000, with less than US$90,000 funds in the liquidity pool. The token has a 6% transaction tax and a whitelist mechanism. Caution is advised. https://www.dextools.io/app/en/bnb/pair-explorer/0x2f87886cb4eda60b43d4b63f6ceca016f1f3045b CAPO (Token) — Memecoin inspired by The Godfather film, a project that conducted its TGE and launched trading a few days ago There is significant on-chain trading activity and high community discussion interest. It is available for trading on Bitget. BOJACK (Token) — BoJack Horseman-themed meme, with a certain cultural significance. Raised 596 BNB through FairLaunch on Pinksale, currently valued at approximately $1M. In the past 24 hours, there have been 11,356 on-chain transactions, with 6,640 buys. The contract shows no apparent risks. https://www.dextools.io/app/en/bnb/pair-explorer/0x0f520ccd68b12c2649a48927a8c1c94fa1bf9429 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 436,687 New active users on Polygon: 122,883, with a daily increase of 30.42% Existing active users on Polygon: 313,804, with a daily increase of 14.29% 3.1.2 New User Profile Core data: There were a total of 122,883 new active users on Polygon yesterday, with a daily increase of 30.42% Popular Sectors Popular Projects Pixels (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended yesterday at noon. SNS (NFT) — Sui Name Service (Mystery Box NFT) was pre-launched on Galxe. Users who complete tasks can earn this NFT. Currently, there are 91,330 holders. https://opensea.io/collection/sns-pre-release-mystery-box 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 313,804, with a daily increase of 14.29% Popular Sectors Popular Projects Stargate (DApp) — Stargate continues to rank highly in terms of daily activity on Polygon. This is mainly due to airdrop hunters. During Layer0 cross-chain interaction processes, the gas costs in the “Polygon — Avalanche, Polygon — FTM, BNB — Polygon” cross-chains are relatively lower, boosting Stargate’s UAW data on Polygon. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 The top trading pairs on Polygon continue to be dominated by MATIC, stablecoins, and mainstream tokens. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 224,244 Arbitrum New Active Users: 45,064, with a daily decrease of 8.85% Arbitrum Existing Active Users: 179,180, with a daily increase of 11.58% 4.1.2 New User Profile Core data: There were a total of 45,064 new active users on Arbitrum yesterday, with a daily decrease of 8.85% Popular Sectors Popular Projects Orbiter (DApp) — A cross-chain bridge that currently supports cross-chain transactions between 11 chains. When users interact with networks such as zkSync Era/Lite, the gas cost of using the official cross-chain bridge to cross-chain from the ETH mainnet to zkSync is relatively high. Many users choose to use Orbiter to cross-chain from the Arbitrum chain to the zkSync network. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 179,180, with a daily increase of 11.58% Popular Sectors Popular Projects AIDOGE (Token) — AIDOGE has completed a round of Airdrop distribution (49.95% unclaimed $AIDOGE between April 15 and May 15 were distributed to those who participated in the AIDOGE x Galxe promotion and holders of OAT who have NEOs’ Party). The AIFI and DAO modules, which are not yet launched on the AIDOGE official website, still attract the attention of some users. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH. 5.DApp Ecosystem — All Chains PancakeSwap (DApp) — The continuous high gas fees on the Ethereum network have recently led to more new memecoins being deployed on the BSC, significantly increasing the usage of PancakeSwap. 6.DApp Ecosystem — ETH Chain Blur (DApp) — Blur’s NFT lending protocol, Blend, has added support for the BAYC and MAYC NFT series. In addition, data shows that Blur’s total trading volume has broken through 4 million transactions, with over 160,000 unique buyers. 7.DApp Ecosystem — BSC Chain Meta Merge (DApp) — A metaverse project combining AIGC, NFT, DeFi, and gaming. Capture pets, defeat enemies, mint NFTs, and embark on your adventure in the world of monsters in Meta Merge. The project’s Pet NFT has 8956 holders. https://opensea.io/collection/meta-merge-pet Trade Signal (DApp) — A provider of cryptocurrency trade signals and gambling games. It offers the latest news, analysis, and overview of the crypto market, occasionally introducing high-potential, high-risk shitcoins. There is a referral program, where one can earn a 10% registration fee from the smart contract by referring a new user. Additionally, their gambling product awards 1 BNB to a lucky winner every day. 8.DApp Ecosystem — Polygon Chain Pixels (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. The challenge promotion held with TasteMakerz ended yesterday at noon. 9.DApp Ecosystem — WAX Chain WAX chain’s UAW fluctuations are within the normal range. 10.DApp Ecosystem — Solana Chain GameTradeMarket (DApp) — GameTradeMarket is a platform on the Solana chain dedicated to discovering and trading NFTs within games, with a focus on in-game asset trading. It provides game classification and asset trading functions for all categories of games. The platform currently has numerous ecosystem game collaborations and has recently helped Krypto Fighters, PolkaFantasy, Sigma, and other projects with community promotion. 11.DApp Ecosystem — Arbitrum Chain Camelot (DApp) — As a leading DeFi project in the Arbitrum ecosystem, its recent collaborations with several projects have attracted community attention: hosting a joint AMA event with Vela Exchange on Discord; establishing a $PENDLE trading pool; inviting Silo Finance for a roundtable meeting, etc. The project has a solid community relationship and exhibits a certain degree of traffic fission effect. ODOS (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform. Odos has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain. 12.DApp Ecosystem — GameFi Sector Across All Chains Pixels and others have been explained earlier in the report. 13.Gas Fee Consumption — ETH Chain mint.fun (NFT) — mint.fun is an NFT minting aggregation platform. After connecting their wallets, users can mint corresponding NFT series. It has a simple and clear interface, showing comprehensive types of information. Similarly, creators can start their own NFT projects on mint.fun. Owning NFTs and purchasing NFTs that are on sale on mint.fun can earn reward points. As of May 15, due to the last day before the deadline, it occupied a high position in gas consumption. 14.Gas Fee Consumption — BSC Chain Drip Faucet (DApp) — A project on the BSC chain for “depositing, mining, withdrawing, and selling”. The four pools in the project have a compounding robot that constantly performs compounding strategies, leading to an overvaluation of UAW on the BSC chain. Currently, the project’s token, $DRIP, has a daily trading volume of US$42,100 in the secondary market, indicating relatively low popularity. 15.Gas Fee Consumption — Polygon Chain XEN (DApp) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including XEN Torrent, Cointool, and MCTXenft tools that can batch mint XEN, resulting in higher gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” 16.Gas Fee Consumption — Arbitrum Chain ODOS (DApp) — A DEX aggregator that supports one-click token swapping. Recently, it has been expanding rapidly on Arbitrum, and it has partnered with Camelot, as well as VE (3,3) Dex ChronosFi, and integrated with their platform. Odos has aggregated most of the DEX pools on Arbi to find the best prices, resulting in high activity on the Arbitrum chain. 17.Twitter Trends Token Top 20 SUI (Token) — Listed on Binance on May 3rd, SUI is a popular chain with its token launched through an IEO. However, The performance has been weak since its listing, with the token price continuously falling. Recently, projects within the SUI ecosystem have gradually started to emerge. Yesterday, SUI started its APAC office hours, allowing developers in the Asia-Pacific region to directly connect with the SUI team and receive guidance. ARB (Token) — Arbitrum has been actively running promotions recently. It held Twitter Space events with projects like timeswap, ascenders, socket, and dhedge on Twitter, generating a certain level of popularity in Twitter discussions. 18.Google Trends — Global The most frequently mentioned Google search terms: Binance, Crypto News, CoinmarketCap, Tradingview EDU (Token) — Open Campus is a Web3 educational protocol platform where teachers and creators can earn tokens in recognition of the educational content they produce and profit from it. Yesterday, the project announced a partnership with Animoca Brands and announced the launch of the US$10 million Open Campus Global Educators Fund. This fund is a dedicated grant designed to reward global teachers and creators for developing K-12 educational content with its partner platforms for Open Campus. The price briefly rose yesterday due to this news. 19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: None Trending Keywords: crypto villa, crypto tax calculator Pakistan Trending Keywords: airdrop crypto, crypto box code binance b) Southeast Asia Region Philippines Trending Keywords: what is crypto trading, free ethereum Indonesia Trending Tokens: xen, bitcoin, tko Malaysia Trending Keywords: arbitrage avalanche c) East Asia and Hong Kong, Macau, and Taiwan Taiwan Trending Keywords: crypto news 20.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Crypto pro, crypto news b) English-speaking Countries USA Trending Tokens: worldcoin, gmx, dimo, gala Australia Trending Tokens: cake, tron Canada Trending Tokens: ankr UK Trending Tokens: vgx, iota, tonic c) Europe Poland Trending Tokens: pi, doge Spain Trending Tokens: ren, rlc, ada, dash, bnb Italy Trending Tokens: edu France Trending Tokens: lido, pi, mica Germany Trending Tokens: polygon Turkey Trending Tokens and Keywords: crypto royal 21.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Keywords: coinbase, crypto exchange, coinmarketcap, pepecoin b) Middle East Trending Keywords: binance, crypto news, crypto oasis c) Latin America Brazil Trending Tokens: cro, atom, worldcoin Argentina Trending Keywords: binance, edu Mexico Trending Keywords: atom, crypto arena, avalanche, bitcoin

Hong Kong In The Race To Embrace Blockchain Tech

According to the global crypto rating company Coincub, Singapore was the most crypto friendly-country at the end of 2021. However, the country’s decision to restrict retail investors, impose limits on crypto service advertising, and shut down Bitcoin ATMs has caused it to drop to lower places for three consecutive quarters of 2022. Another major financial and shipping centre of the Asia-Pacific region, Hong Kong, sees this as the opportunity to rise powerfully as ‘the Asian virtual asset hub’. Clearer Government Regulations Hong Kong already recognises virtual assets (VA), including Bitcoin, other utility tokens, and tokens defined as securities, since 2018. A mandatory licensing regime for virtual asset service providers (VASPs) that was introduced to Hong Kong’s Legislative Council on July 6, 2022, will require crypto trading firms to register with the Securities and Futures Commission (SFC) of Hong Kong before offering services (regarding security and non-security tokens) to professional traders. On October 31, 2022, the SFC issued the list of basic requirements for ETF issuers to help usher in a new age of publicly-listed crypto futures ETFs. The SFC is taking the first step to legalise retail crypto trading with their announcement about seeking public consultation for this particular topic. To sum up, we see crypto trading limited to professional traders in 2021, but this year the government is ‘working towards providing a facilitating environment for promoting sustainable and responsible development of the VA sector in Hong Kong’. It’s safe to assume that retail crypto investors will soon receive guidance from the authorities to have a seat at the table. Taxation Of VAs Similar to Singapore, Hong Kong is a low-tax jurisdiction with the following treatments: • ICO tokens: The nature of ICO tokens is identical to a security token, which is issued as the ownership interest in a business, or a utility token, which represents access to particular goods or services offered by the issuer. Therefore the proceeds of the ICO or any gains sourced from Hong Kong can be subject to profits tax. • Digital assets held for long-term investment purposes: The Inland Revenue Department recognises these assets as capital, hence the disposal of them is considered as capital gains and not chargeable. • VAs are divided into three categories (payment tokens, utility tokens, and security tokens) and the treatment will be assessed accordingly. The key pieces of information here are (i) where profits arise/where are profits derived from and (ii) what type of trader you are (professional or casual, amateur trader). As long as your profits fall into the category of capital gains, they are not taxable. National Interest According to Coincub, the percentage of Hong Kong citizens that own crypto stands at 3.27%, the amount of crypto to be sent and received has added up to nearly US$26 billion, plus a significant number of 68 bitcoin nodes in this port country. A study by Forex Suggest ranks Hong Kong as the most crypto-ready country in the world, especially in regards to the number of blockchain startups per 100,000 people. Source: forexsuggest.com The leading Move-To-Earn project, STEPN, has recently moved their headquarters to Cyberport, the tech hub of Hong Kong, joining more than 1,800 startups and tech firms there. The growing use of digital yuan (e-CNY) is indeed the powerful driving force of cross-border payments, which will most likely attract more businesses to the countries and prep them for crypto exposure. Other stakeholders in the country are exploring new cases of blockchain, with the Hong Kong University of Science and Technology (HKUST) being the first university globally to establish twin campuses in the Metaverse. The use of NFT will be integrated into the later phases of the development process; for now, it’s all about the construction of the extended reality infrastructure of HKUST’s Hong Kong and Guangzhou campuses. This move can very well encourage academic applications of blockchain technology in universities all over the world. Bitget As A Contributor To The Safe Trading Environment Bitget is the major crypto derivatives exchange that provides proactive customer protection policies, among which are: • securing operational licences from three major judicial areas (the U.S., Canada, and Australia) • implementing a special security strategy of combining hot and cold wallets to protect users’ funds from any potential threats • announcing the US$200 million Bitget Protection Fund to ensure a safe trading experience for global users • being the first to launch a US$5 million Builders’ Fund to assist KOLs, KOCs, and traders affected by the FTX collapse. It has been Bitget’s top priority to create a safe and seamless crypto trading experience for any user. That of course includes making access to crypto trading easier for the Hong Kongese via the availability of the Hong Kong Dollar (HKD) on Bitget, reliable information in Mandarin (simplified and traditional) as well as 24/7 customer support by the local peers. The notable builder of the digital space since 2018 has never ceased to move forward with determination and enthusiasm. Bitget is set to be the key player in the centralised exchange sector, helping more crypto lovers explore the appeal of this space via trading, staking, crowdfunding, and more.

Why Social Trade Should Be the Future of Trading

The term ' Social Trade' made its debut in the late 2000s alongside the discussions on Facebook, MySpace, and Digg. Those social platforms provide a space where people can share their opinions on politics, investing, and social trends, as well as interact - live - with one another. Social trading landscape The first ever socia l trading platform was established in 2010, although a system of automated trading signals, which is similar to Telegram groups or Twitter accounts delivering daily signals, was already introduced in 2005. Around the same time, there already existed another form of trading, also based on the trading signals or collective actions of a group of traders, but the adopter would have to use algorithms to generate his/her best strategy. That is called Mirror Trading, and it involves such a great deal of technical setup that it's hard for the majority to follow. Younger generations are most likely to 'do their homework' from experts on Instagram or YouTube, now TikTok as well. Still, there are no vetting criteria to discern the motivation of these professionals. There has been an urgent need for a transparent background check, and just like that, Copy Trading swooped in and lowered the entry barriers for avid but less equipped traders. This concept, which also falls under the Social Trade umbrella, gives users the option to simply duplicate another trader's orders and conveniently change the trade parameters at will. It's easy to get used to, time, and cost-effective, hence capturing individual traders' interests, flocks after flocks. A forecast by Research and M arkets shows that the global Social Trading market is expected to double its size by 2028, implying a Compound Annual Growth Rate (CAGR) of 7.8%. Source: Research and Markets That covers all types of assets from equities, commodities, derivatives and crypto and all regions from North America, Europe, Asia Pacific (APAC), the Middle East Africa (MEA), to South America (SAM). North America accounted for the highest number of users in 2021, but APAC is eating into the market share of other regions with an expected CAGR of 10%. Retail traders, unsurprisingly, make up the better part of this market, proving the effectiveness of social willpower. We never make any decision alone Let's start by asking the question: Why do people love social media, and in particular, Social Trading? More often than not, we use social media as a platform to tell our personal stories: successes, failures, and what we've learned along the way. That's why we expect others to keep it real and come to the wiser for advice when possible. Traders can double-check the price signals by referring to others, finding the most appropriate entry price commensurate with personal appetite. If the majority trades one asset, you can either follow the herd or speculate on its downfall. Sometimes, community is the most reliable source of information. Empowering the less privileged Twitter is widely known as the sanctuary of traders. The latest insider news, rumors, and screenshots of transactions can all be found there, so maybe we can find the answers we need there. Social Trading brings that humane interaction to trading platforms, therefore earns the trust and appreciation of lay people. It's the higher probability of success, or at least the lower likelihood of making a mistake - we learn from the mistakes of predecessors - that allows an average trader to get the knack of the market faster. It will naturally lead to more self-confidence in even complex fields like trading. Social Trade is also appealing because it embodies real transparency. Before copying any trader, you can investigate their public profile, together with their verifiable trade data. For example, this is what you can find on Bitget One-Click Copy Trade: Their order history and trading data are updated in real time and open for all to examine. Riding the wave of crypto social trade Forex Social Trading is the story of 10 years ago; now it's time for Crypto to be in the spotlight. The main barriers to crypto investment include lack of knowledge and transparency. The learning curve can be somewhat smoothed out by the abundance of data and discussions stemming from Social Trading, whereas transparency should be of no problem as exchanges will constantly verify the number to ensure data is accurate. Bitget has already become an unstoppable force that brings crypto trading to everyone around the world, both the banked and the unbanked, the experienced and the unskilled, whilst eliminating the language barrier between crypto enthusiasts. Trading isn't meant to be horrendous; it does take some time to get used to, but we are making sure that you'll never be alone and helpless on this journey. Because the gist of Social Trading lies in the realization of a win-win result.