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Bitget is set to enhance cross-chain payments by prioritizing its BGB token for gas fees through the new GetGas feature, launching in January 2025. This initiative will allow users to pay gas fees using BGB, USDT, or USDC, simplifying transactions across multiple blockchains.Additionally, Bitget plans to burn 40% of its BGB token supply, reducing it from 2 billion to 1.2 billion tokens, with quarterly burns starting in 2025 funded by 20% of profits. This strategy aims to increase demand for BGB, potentially positioning it among the top 10 foundational assets in the crypto market.
Solana (SOL) has seen an 11.4% decline over the past week, currently trading at $190.75, down 3% in the last 24 hours. Despite a robust market cap of $91.46 billion, DeFi Total Value Locked has dropped to $8.239 billion, indicating reduced investor interest. However, Solana's decentralized exchange ecosystem remains strong, with DEX volume up 5.76% to $30.486 billion. The introduction of automated limit orders by Bitget Wallet aims to enhance trading efficiency amid market volatility, while immediate resistance is noted at $194, with potential declines towards $180.
Bitcoin has surged past $100,000, fueled by positive sentiment from Trump's pro-crypto stance and a bullish outlook in options data. As altcoin season approaches, traders are eyeing cheap altcoins like Ethereum, AAVE, and gaming tokens for potential gains, despite recent market corrections. The Fear and Greed Index indicates "extreme greed," suggesting a strong investor appetite in the crypto market.
Bitget is set to establish a regional hub in Lithuania to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations, enhancing its commitment to regulatory standards. The exchange, already licensed in multiple countries, aims to support crypto innovation and startups in the EU while expanding its services globally. Recently, Bitget Wallet has seen significant growth, doubling its user base to 40 million, and the company has also formed sports partnerships, including with Spain's LALIGA.
Alvin Kan
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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