Origin Dollar (OUSD) news

Bitget Bites (August 10, 2022)

The global market cap is standing at US$1.081 trillion, showing a 3.65% decrease from yesterday and the 24-hour volume was down by 7.93% to US$65.77 billion. Our report on activities of the Spot Market and Futures Market are below: Spot Market Updates Bitcoin has been trading between US$22,771.52 and US$23,892.18 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$22,913.60, which is a 3.89% decrease compared to Ethereum’s 5.44% decrease. There has been a decrease (-7.06%) in the volume of our spot market. There has been a decrease in the volume and price of altcoins over the past 24 hours, with some altcoins trading above the volume of US$1 billion, in order of market cap and volume we have BNB (-2.64%), XRP (-3.71%), and ADA (-4.93%). The highes t price and lowest price levels of BGB in the last 24 hours were US$0.16730 and US$0.16389, respectively. The Top 3 Gainers of The Day are Spell Token (SPELL), Qredo (QRDO), and Origin Dollar Governance (OGV). 1st Place SPELLUSDT: Up by 10.85% SPELL is used as the governance token for the Abracadabra.money decentralized platform. Abracadabra employs interest-bearing tokens as collateral in the minting Magic Internet Money (MIM), a USD-pegged stablecoin. With a current market cap of $157,898,080.80 and a trading volume of $313,352,608.51, SPELL is trading at a current market price of $0.001636. 2nd Place QRDOUSDT: Up by 8.28% The QRDO token provides a means of utility and governance to the Qredo Network. Qredo is designed to include a “user centric” incentive structure that economically favors the participants of the Qredo Network - driving user adoption and utilization of the network. With a current market cap of $30,917,430.52 and a trading volume of $3,141,942.09, QREDO is trading at a current market price of $0.3139. 3rd Place OGVUSDT: Up by 7.79% OGV is the future governance token for OUSD, which is the first stablecoin to earn a yield while it's still in your wallet. Today, there is hundreds of millions of dollars held in OUSD. Blockchain is necessary as it allows OUSD to access yield from DeFi markets. With a current market cap of $3,495,536.75 and a trading volume of$1,577,087.70, OGV is trading at a current market price of $0.007314. Meanwhile, the Top 3 Losers include: IXTUSDT (-43.44%), PSTAKEUSDT (-24.73%), and TORNUSDT (-21.59%). Futures Market Updates Activities on Futures markets are slowly increasing, with the Open Interests (OI) of all cryptocurrencies now recorded at US$4.11B, equivalent to a 5.39% decrease from yesterday. The 24-hours aggregated volume of all contracts is standing at US$201B (-3.89%). Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI Dominance lowered to 62% of the total OI at US$2.79B, the daily volume of Bitcoin contracts also declined by 2.83% to US$189,580.00. The last cycle of funding rate (+0.0100%) demonstrates a neutral signal. Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, currently leaning towards bullish at 54.63%/45.37%. Most BTC long ETFs locked in a price decrease, except for the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which closed the day at US$33.94 from the opening price of US$33.60. Interesting Topics 7 Countries That Recognize Bitcoin as Their Legal Currency (and Why)? Speed and Ease are More Crucial Than Ever When Buying Gold What is a Blockchain Bridge? Follow Us For More Insights: Twitter | Telegram | LinkedIn | Facebook | Instagram

Bitget Bites (July 28, 2022)

The global market cap is standing at US$1.065T, showing a 9.76% increase from yesterday and the 24-hour volume was UP by 43.03% to US$89.11B. Our report on activities of the Spot Market and Futures Market are below: Spot Market Updates Bitcoin has been trading between US$21,189.48 and US$23,358.34 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$23,183.04, which is a 9.28% increase compared to Ethereum’s 13.28% increase. There has been an increase in the volume of altcoins and a slight increase in price over the past 24 hours, with some altcoins trading above the volume of US$1B, in order of market cap and volume we have XRP (+6.31%), ADA (+8.66%), and SOL (+7.80%). The highes t price and lowest price levels of BGB in the last 24 hours were US$0.15226 and US$0.14505, respectively. The Top 3 Gainers of The Day are Origin Dollar Governance (OGV), Lido DAO (LDO) and Optimism (OP). 1st Place OGVUSDT: Up by 36.37% OGV is the governance and value accrual token for Origin Dollar (OUSD) which is the first stablecoin that earns a yield while it's still in your wallet. Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. With a current market cap of $5,059,718.80 and trading volume of $2,759,650.62, OGV is trading at a current market price of $0.0113. 2nd place LDOUSDT: Up by 30.87% Lido provides liquidity by issuing stETH in exchange for users depositing ETH, allowing them to earn staking rewards on Ethereum 2.0 while maintaining liquidity and reducing the 32 ETH requirement to any amount. With a current market cap of $688,590,269.15 and trading volume of $218,146,453.61, LDO is trading at a current market price of $2.20. 3rd Place OPUSDT: Up by 30.08% OP Coin protocol is a revolutionary invention of the last decade. It's essential meaning is money digitization. It's the first decentralized peer-to-peer payment network without using any central authority or middlemen. With a current market cap of $260,690,305.41 trading volume of $326,577,112.00, OP is trading at a current market price of $1.12. Meanwhile, the Top 3 Losers include: USDPSP (-24.31%), KNOT (-18.60%), LIFE (-11.91%) Futures Market Updates The Open Interests (OI) of all cryptocurrencies went up slightly, now recorded at US$4.09B, which is equivalent to a +18.55% increase from yesterday and the 24-hours aggregated volume of all contracts at US$194B (+24.36%). Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market: Bitcoin OI accounted for 78% of the total OI at US$2.69B while the daily volume of Bitcoin contracts only stood at US$236,309.30. The last cycle of funding rate (-0.0063%) demonstrates a mild buy signal. Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now leaning towards bullish at 50.69%/49.31%. Yesterday was green for most Bitcoin ETFs, except the highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI), which ended the day at US$34.53 compared to the opening price of US$37.38. Volume of BITO also saw a huge jump yesterday of 80%, showing institutions were bullish on Bitcoin. Interesting Topics Crypto Liquidation Explained and Tips Origin Dollar Governance (OGV) Introduction A Beginner's Guide to Cryptocurrency Trading Strategies (Volume 1) Follow Us For More Insights: Twitter | Telegram | LinkedIn | Facebook | Instagram

Bitget Hot Takes (July 18 - July 24)

As your most credible source of crypto news and knowledge, Bitget Academy is proud to release Bitget Hot Takes - our weekly newsletter series, the 360-degree onboarding guide for all crypto enthusiasts. Central Themes BGB has the lowest price volatility in the last 7 days. Global market cap exceeded US$1 trillion again, Bitcoin briefly crossed US$24,000. Tesla sold 75% of its Bitcoin holdings. US$150 million was injected in crypto projects, but US$1.5 million was exploited by hackers. BGB Had The Lowest Volatility BGB cumulative return stayed positive for five out of seven days over the week, while the losses incurred on Tuesday and Wednesday were recorded at 0.06% and 0.02%, respectively. Bitget Token ended the week with a green. It should be noted as well that the BGB price didn’t see any radical changes with the 0.1905% weekly volatility. Global Market Regained US$1 Trillion Mark Most remarkable this week was when the global market capitalisation surpassed US$1 trillion, resulting from a mini bull run for Bitcoin and Ethereum. Data shows that Bitcoin funding rate has reached the highest level since May on July 19, meaning that long positions have been dominating. Source: Santiment Analysis Another indicator that signals the anticipation of Bitcoin’s new breakout was the Fear Greed Index, which rose to 31 of Fear. The market was constantly in a state of Extreme Fear over the last weeks. Source: alternative.me Crypto advocates are also looking for positive developments in the Ethereum network as well as its ecosystem with The Merge approaching. So far Ethereum has been leading the pack, showing a 7-day growth of 15% as traders speculate on the coin’s new highs. Stakers were also actively draining exchanges’ Ethereum reserve and deposit their holdings onto the Beacon Chain. Source: Glassnode Source: Dune Analytics Two things to watch out: (1) Bitcoin’s mining difficulty dropped by 5.01%, the highest in the last 12 months. Although the impact on Bitcoin is less significant, normally a drop in network difficulty can affect the coin’s price, and not in a positive way. (2) Tesla Q2 report reveals that the company has sold 75% of its Bitcoin holdings for approximately US$963 million, hurting the general sentiment. In and Out The NFT market suffered two hacks in the last 7 days. The NFT registration platform Premint was infiltrated by hackers; 320 NFTs were stolen and sold for more than US$400,000. On Saturday, the decentralised music streaming protocol Audius became the next victim, losing 18 million AUDIO tokens (US$1.1 million) by a malicious governance vote. Meanwhile, investors have injected nearly US$150 million into crypto projects in NFT, DeFi and blockchain security:- XLD Finance received US$13 million in a pre-Series A funding round led by Dragonfly Capital and Infinity Ventures Crypto. - Halborn raised US$90 million in a Series funding round led by Summit Partners. - Optic Nerve acquired US$11 million in a seed funding round led by Pantera Capital and Kleiner Perkins. - Hashflow raised US$25 million in a Series A funding round with participation from Dragonfly Capital, Coinbase Ventures, Kraken Ventures, Jump Crypto, Kronos Research, among other investors. - Cardinal raised US$4.4 million in a seed funding round led by Solana Ventures and Protagonist. New funds for crypto investments were also created to accelerate technological breakthroughs in the digital space. The prestigious art auction house Christine’s launched the Christine’s Ventures on July 18, which is meant to support companies that bring technology to art. Modular Capital, US$20 million hedge fund, was introduced later the same day with support from Multicoin and Ledger Prime. Asset manager Valkyrie is the latest to plan a crypto VC arm, aiming for US$30 million in investment. Other Sectors The impressive growth of GameFi and Metaverse has clearly captured the attention of the gaming industry, where big names see huge opportunities for expansion. Final Fantasy Maker Square Enix was the most engaging last week, announcing the plan to bring Final Fantasy NFTs to Polkadot and participating in the new investment round of the gaming startup Zebedee. However, Microsoft appeared to be less friendly towards the NFT trend as Minecraft banned NFTs and NFTs using in-game assets on all servers. A big player in Metaverse, Animoca Brands, has partnered with Alien Worlds, Dapper Labs, Decentraland, Star Atlas and The Sandbox to launch a DAO for information freedom and interoperability across metaverse platforms. Good news within the DeFi space was encouraging as well. Founder of Curve Finance hinted about a new, over-collateralised stablecoin at a Web3 Summit, making the protocol’s native token jump by 21% overnight. In addition, Aave DAO and Balancer Protocol completed a US$1 million swap between AAVE and BAL in order to strengthen their collaboration as well as reinforcing DeFi’s robustness. The Latest Bitget News Determined to bring our users the best crypto experience, Bitget constantly adds new trading pairs each week alongside the interesting, bountiful events. Don’t forget to register your Bitget account here to join the weekly, exclusive Live Trader AMA in our community group! New Listings FIUUSDT SLGUSDTSYSUSDT XETAUSDT DAOUSDT New Events US$120 Welcome Bonus For Futures New Traders Deposit To Earn 1,500 USDT Open Treasure Chest for $50 and 1,000 BGB Upgraded Bitget Referral Program Good Reads Bitget Semi-annual Report 2022 Five Reasons To Use Grid Trading Introduction to Origin Dollar Governance Follow us for the latest updates: Twitter | Telegram | LinkedIn | Facebook | Instagram

Bitget Bites (July 21, 2022)

The global market cap is standing at US$1.020T, showing a 3.62% decrease from yesterday and the 24-hour volume was down by 5.48% to US$95.85B. Our report on activities of the Spot Market and Futures Market are below: Spot Market Updates Bitcoin has been trading between US$22,707.51 and US$24,196.82 within the last 24 hours. As of 3:30 AM UTC, BTC price stands at US$22,908.38, which is a 2.06% decrease compared to Ethereum’s 4.74% decrease. There has been a decrease in the volume and price of altcoins over the past 24Hr, with so many altcoins trading below $1bn, in order of hierarchy we have XRP (-5.03%%), ADA (-8.93%), and SOL (-10.32%). The highes t price and lowest price levels of BGB in the last 24 hours were US$0.15123 and US$0.14309, respectively. The Top 3 Gainers of The Day are Music Infinity Token (MIT), Cripco (IP3) and Element Black (ELT). 1st Place MITUSDT: Up by 12.86% MUSIC INFINITY is a platform that links artists and fans, dedicated to creating a decentralized ecosystem with original content and digital assets. With a current market cap of $85,080.53 and trading volume of $242,380.91, MIT is trading at a current market price of $0.08506. 2nd place IP3USDT: Up by 7.45% CRIPCO is a Singapore-based global blockchain and NFT company that aims to popularize NFTs based on various IPs,CRIPCO's governance is based on a Decentralized Autonomous Organization (DAO), which oversees all business-critical decisions from IP screening to IP-based NFT projects. With a trading volume of $1,506,657.47, CRIPCO is trading at a current market price of $0.8112. 3rd Place ELTUSDT: Up by 4.23% Element. Black (ELT) is a Social-Fi NFT Game development platform with the mission to build a NFT 2.0/Create-To-Earn ecosystem. Element. Black strives to become the PUGC NFT distribution platform of the new age and the bridge to connect Web 2.0 celebrities and fashion brands with Web 3.0 NFT social experiences. With a current market cap of $2,339,196.17 and trading volume of $985,910.51, SLG is trading at a current market price of $0.009771. Meanwhile, the Top 3 Losers include: USDSP (-16.02%), XDC (-15.71%) ONIT (-15.31). Futures Market Updates The Open Interests (OI) of all cryptocurrencies is going up again, now recorded at US$4.25B, which is equivalent to a 17.40% increase from yesterday and the 24-hours aggregated volume of all contracts at US$406B (+53.21%). Bitcoin remained the most popular underlying asset for Futures traders and, obviously, the most liquid market. Previously varying between 64% and 67%, Bitcoin OI to the total OI ratio has jumped to 76% overnight, while the daily volume of Bitcoin contracts further declined to US$282,056.20. The last cycle of funding rate (-0.0100%) demonstrates a fairly neutral signal. Bitcoin Long/Short Ratio reflects the market sentiment on this flagship coin, now clearly showing bearish signs at 52.19%/47.81%. Among Bitcoin ETFs with the highest uptick in volume were ARKW, BITQ and BLKC. The highly anticipated ProShares’ Short Bitcoin Strategy ETF (BITI) ended the day at US$33.73 compared to the opening price of US$33.46. Interesting Topics Lens Protocol - A Decentralized Web3 Social Graph and Web2 Social Media Disruptor Origin Dollar Governance (OGV) Introduction Cere Network (CERE) Introduction Cripco (IP3) Introduction Follow Us For More Insights: Twitter | Telegram | LinkedIn | Facebook | Instagram

Origin Dollar Governance (OGV) Introduction

Created by top-notch experts in the fields of DeFi, Fintech, and investment, Origin Protocol shakes the blockchain world to the core with their massive fundraisings and record-breaking successes. This summer, they are to release OGV (Origin Dollar Governance) token on major exchanges and this event, like many events of Origin, attracts a lot of attention from crypto investors. Let's take a look at OGV and what it does. Origin Protocol Overview Origin Protocol is a powerhouse in the blockchain industry. Established in 2017 by a group of international experts in product development, Fintech, entrepreneurial, finance, investment, and technology, Origin has made a name for itself in Web3. They understand that the sharing economy grounded by the likes of Uber, Airbnb, and Fiverr has allowed suppliers to benefit from more diverse income sources and buyers from varied choices of products and services. However, since these platforms are centralized, there are multitude of problems such as high fees, arbitrary censorship, and increasingly restrictive regulation. Hence, Origin's goal is to radically decentralize the sharing economy and make the sharing economy truly empowering to all parties involved. Staying true to their vision, Origin has developed a host of innovative decentralized products and services on blockchain. From secure messaging apps, passive income generating browser extension, to blockchain-based Shopify marketplace alternative, Origin has built them all. Their products and services are so revolutionary and well-developed that they have been featured on Forbes, Wall Street Journal, NASDAQ, Fast Company, Inc., etc. Continuing their success trail, Origin Protocol sees the potential of NFT and creates Origin Story, an NFT marketplace that makes it easy for creators, collectors, and traders to access NFT. Taking advantage of their experience in building creator economy and peer-to-peer products, Origin creates a hit NFT marketplace. In 2021, Origin Story hosted NFT sales for Paris Hilton, Grammy Award-Winning Multi-Platinum Musician Lupe Fiasco, world-renowned DJ 3LAU, Inspiration4 Mission for SpaceX. Notably, the NFT sales of 3LAU raised $11.7 million, setting the record for the most successful music NFT in the world. In the future, Origin Protocol plans to release a mobile payment app that competes with the likes of Venmo in the US and Wechat in China while incorporating high-yield savings and debit card payment. Besides the widely acclaimed products and services, Origin Protocol's tokens have also achieved amazing feats. Origin's governance token, OGN, was listed on Bitget, Binance, and Coinbase. At the time of the release of this article, OGN has a market capitalization of $232 million and a 24-hour volume of $64 million. You can buy OGN with credit cards, Apple Pay, or Google Pay on Bitget with ease. OUSD, Origin's USD stablecoin, is the first stablecoin that allows holders to earn yields while the coin sits in their wallets. At the moment, OUSD's market capitalization reaches $66 million. All these impressive milestones are achieved by a no-less impressive team. Origin Protocol's team comprises ex-managers and employees at tech giants like Facebook, Google, and PayPal. They have worked years in related fields, and each has their own accolades and achievements. Origin Dollar Governance (OGV) token OGV is the governance and value accrual token for OUSD. OGV holders can stake OGV in OUSD Governance Website for 1 month to 4 years to receive voting rights to decide the future of OUSD. The long locking time is required so that only those who are committed to OUSD for the long term. To celebrate the launch of OGV in summer 2022, OGV is rewarded to both OUSD and OGN holders. Bitget also supports airdropping OGV for OGN holders. OGV's Contract Address (ERC-20): 0x9c354503c38481a7a7a51629142963f98ecc12d0 OGV distribution: Source: Origin Protocol's Website How to buy OGV OGV is launched on major exchanges in summer 2022. The easiest way to buy OGV is to purchase it via an exchange that allows multiple payment methods like Bitget. You can buy OGV quickly and securely using credit card, Google Pay, or Apple Pay on Bitget. Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only. Follow Bitget Academy for more insights: Twitter | Telegram | LinkedIn | Facebook | Instagram