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The Full Stack of a Memecoin: Token Launch, Platform Selection, and Memecoin Pairing

The memecoin market is no longer a fringe segment of crypto. It has become a multi-billion-dollar force constantly reshaping community engagement, trading culture, and viral economics. What started with Dogecoin and Shiba Inu has evolved into an ecosystem where any internet-native idea can be monetised, traded, and celebrated by thousands of users in a matter of hours. This evolution has been powered by three interconnected layers of memecoin infrastructure: token launch mechanics, platform selection, and liquidity through memecoin pairing. Together, these layers form what can be called the "full stack" of a memecoin. To understand how memecoins succeed—or fail—you must explore the full lifecycle from creation to market integration. This guide will dive deep into how each layer functions, why it matters, and how to navigate it strategically. Token Launch: How to Make a Coin on Pump.fun The foundation of every memecoin is its launch. No tool is more synonymous with memecoin creation than Pump.fun. This platform has radically simplified token creation by offering a no-code, permissionless launchpad powered by the Solana blockchain. Launched in early 2024, Pump.fun has facilitated the creation of over 6.4 million tokens, generating more than $600 million in revenue. It enables anyone with a wallet and a few dollars' worth of SOL to go from idea to tradable token within minutes. Creating a coin on Pump.fun begins with a user connecting a Solana-compatible wallet like Phantom or Solflare to the platform. From there, the user chooses a name, a ticker symbol, an image, and optionally, a description. For a small fee of around 0.02 SOL, the token is deployed and immediately enters the bonding curve pricing system. The bonding curve is central to Pump.fun's model. Instead of relying on order books or market makers, token prices on Pump.fun increase dynamically based on the number of tokens purchased. Early buyers benefit from lower prices, while later buyers pay more. This system incentivises rapid engagement and speculative trading, often fuelling viral growth in the earliest stages of a memecoin's life. When a token reaches a market cap of $69,000, a major milestone is triggered. Pump.fun injects $12,000 of liquidity into Raydium (or Uniswap if launched on Base) and burns the corresponding LP tokens. This step stabilises the token's market and marks its transition from bonding curve speculation to broader ecosystem tradability. Source: Pump.fun The simplicity and virality of this process have made Pump.fun the top choice for memecoin creators. No coding is needed, no presales are allowed, and no team allocations exist, thus ensuring fair launches. The model is built on transparency and speed, making it a breeding ground for both creative experiments and speculative frenzies. Platform Selection: Choosing the Best Memecoin Platform While Pump.fun has become the default launchpad, it's not the only player in the memecoin space. Several platforms compete for mindshare, liquidity, and creator loyalty. Choosing the right platform is also about community, visibility, liquidity support, and long-term potential, rather than mere launching mechanics. Most Popular Memecoin Platforms Platform selection should be guided by your project's target audience, marketing channels, and long-term goals. ● Pump.fun remains the market leader due to its simplicity, fair launch model, and native integration with Solana and Base. Its bonding curve mechanism and seamless transition to Raydium or Uniswap make it the most complete one-stop-shop for memecoin creators. ● Moonshot, for example, has positioned itself as a mobile-first, Web3-onboarding platform that integrates traditional payment methods like Apple Pay and credit cards via MoonPay. It exploded in popularity with politically-themed tokens like $TRUMP and $MELANIA, reaching market caps in billions. Moonshot appeals to a broader, less crypto-native audience and excels at fiat on-ramps and mobile UX. ● SunPump, built on TRON, offers extremely low-cost launches and has gained traction with support from Justin Sun and a $10 million incentive program. While it lacks the cultural dominance of Pump.fun, its aggressive growth strategy and near-zero fees make it attractive for high-volume creators. ● Move Pump focuses on the Sui and Aptos ecosystems. It introduces gamified mechanics, NFT integrations, and community DAOs to drive engagement. Although it serves a smaller niche, Move Pump is ideal for those looking to build unique cross-chain or game-connected meme assets. Matching Platforms with Communities Different memecoin platforms cater to different types of communities: ● Political and Celebrity-Focused Communities: Platforms like Moonshot excel in launching politically charged or influencer-backed tokens. Their fiat on-ramp and mobile-friendly interface appeal to normies and mainstream audiences who may not be crypto-native. ● Crypto-Native Traders and Meme Enthusiasts: Pump.fun is the go-to for seasoned Solana users and internet meme culture aficionados. Its fair launch system and bonding curve reward fast movers and early community builders. ● High-Volume Launchers and Iterators: SunPump is ideal for users who want to rapidly test and launch multiple tokens due to its ultra-low fees and rapid deployment model on TRON. Source: SunPump ● Builders and Gamers: Move Pump caters to those looking to integrate NFTs, DAO mechanics, or play-to-earn experiences into their memecoins. Its niche audience values interactivity and experimentation over immediate virality. In summary, Pump.fun remains unmatched for rapid virality and exposure. For those seeking the best memecoin platform, it offers the most complete lifecycle solution, from fair launch to deep liquidity. Memecoin Pairing: The Liquidity Layer Once a memecoin is launched and begins gaining traction, its long-term survival depends on liquidity. This is where memecoin pairing comes into play. What Is Memecoin Pairing? Memecoin pairing refers to how a memecoin is listed and traded against another asset on decentralised exchanges (DEXs). For instance, a (MEME)/SOL pairing means the token is tradable against Solana, while (MEME)/USDC pairs it with a stablecoin. Common pairings include (MEME)/SOL, (MEME)/USDC, and (MEME)/WETH. The pairing determines not only the liquidity available for trading but also the volatility and ease of access for new buyers. Why Memecoin Pairing Matters Memecoin pairing is a critical step toward transforming your token from a short-lived meme into a durable asset with real market reach. Thoughtful pairing choices are strategic moves that shape how and by whom your memecoin is accessed, traded, and valued. ● Price Discovery: Pairings allow the token to be traded on decentralised exchanges beyond the confines of the bonding curve. This opens the door to real-time, market-driven price determination where the token's value reflects broader buyer and seller sentiment, not just curve dynamics. It also introduces arbitrage opportunities between the bonding curve and the external market. ● Liquidity and Trading Efficiency: Deep liquidity within a given pair (especially with base assets like SOL, ETH, or USDC) ensures that users can enter and exit positions with minimal slippage. Higher liquidity also enables larger trades, which attract more sophisticated traders and bots that can help generate organic volume and price momentum. ● Market Visibility: Tokens with standardised and recognisable pairings like (MEME)/SOL or (MEME)/USDC are more likely to be picked up by market aggregators, token tracking dashboards, and trading tools such as DEX Screener, GeckoTerminal, and Birdeye. These platforms boost discoverability and increase chances of secondary exposure through social media, influencers, and community shillers. ● Audience Targeting: Different pairings attract different demographics. SOL and ETH pairings appeal to seasoned crypto-native traders who are comfortable managing volatility and using DEXs. USDC or other stablecoin pairings, however, attract users who prefer lower volatility and more predictable price movements. These traders may include newer crypto participants or those interested in memecoins as collectibles or novelty investments rather than speculative trades. ● Cross-Chain and Multi-Platform Strategy: In some cases, projects create multichain versions of their tokens to tap into diverse liquidity pools and community segments. A token might launch on Pump.fun (Solana), mirror itself on Moonshot (Solana/ETH), and eventually list on a CEX with a USDT pairing. This broadens exposure, decentralises liquidity, and helps the project reach multiple market demographics across ecosystems. ● Stablecoin Anchoring: Establishing USDC or USDT pairs on additional DEXs helps stabilise token pricing and reduces volatility, which is appealing to traders seeking less speculative exposure. This approach also makes it easier for centralised exchanges to consider listing the token due to recognisable and consistent pricing. ● Community-Led Liquidity Pools: Encouraging token holders to contribute to liquidity pools can deepen market depth and promote ownership. Incentives such as staking rewards, governance voting rights, or exclusive NFT drops can drive participation and transform passive holders into active stakeholders. Conclusion: Building and Scaling Memecoins in 2025 The memecoin economy has matured into a self-contained market system with its own rules, infrastructure, and success paths. What was once a joke is now a serious business, albeit still one built on humour, virality, and community culture. To thrive in this space, creators and traders alike must understand the full stack: ● Launch tokens efficiently using platforms like Pump.fun (yes, even if you're just wondering how to make a coin on Pump.fun) ● Choose the right platform based on strategic fit, not just trends, especially if you're hunting for the best memecoin platform ● Pair the token effectively to enable real liquidity and trading volume—your success depends on smart memecoin pairing. Memecoins are now about more than just timing the next hype cycle. We are talking about creating internet-native assets that can scale, engage, and evolve. With the right launch mechanics, platform strategy, and pairing model, any idea—no matter how absurd—can become the next billion-dollar coin. The full stack is your roadmap. Now go build. 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 guidance. Qualified professionals should be consulted prior to making financial decisions.

Trump's Win, Bitcoin's Highs: Could Altcoins Be Next In Line For Gains?

Bitcoin’s yesterday surge to the new all-time high of $89,000 is sparking a wave of uncontainable excitement across the now $3 trillion-value cryptocurrency market and fuelled more speculation about a potential "alt season" as alternative cryptocurrencies gain renewed momentum in the wake of Donald Trump’s election victory. Historically, the altcoin market has been characterised by volatility and high-risk opportunities, often driven more by speculative hype than by fundamental value. However, a fundamental change appears to be underway. With attention increasingly focused on altcoins that support decentralised finance (DeFi), Web3 infrastructure, and blockchain-based applications, investors - both retail and institutional - are re-evaluating altcoins in light of the evolving regulatory and economic landscape that could emerge under a more crypto-friendly U.S. administration. Pro-Crypto Agenda Propels Altcoin Market Expansion Trump’s re-election, along with a pro-crypto Congress, has reinvigorated optimism throughout the crypto market, especially for altcoins that have the potential to power the decentralised financial systems of the future. Major altcoins like Ethereum, Solana, and ADA, which serve as foundational platforms for a wide range of blockchain applications, have seen significant gains in the days following the election. Ethereum, for example, rose over 30% within a single week as investors anticipated regulatory changes that could open pathways for broader adoption and institutional support. Earlier this year, SOL briefly touched the $200 mark thanks to a booming memecoin market, only to lose momentum as the year unfolded. Now, with a resurgence in market enthusiasm following Trump’s election victory, SOL has reached $214 for the first time since 2021. Trump’s promises to ease regulatory pressure on crypto markets, remove SEC Chair Gary Gensler, and introduce policies that support innovation have raised expectations for DeFi projects that have struggled under the current U.S. regulatory environment. Altcoins central to DeFi - particularly those that power decentralised applications (dApps) on networks like Ethereum - could benefit greatly from a friendlier regulatory climate. Such policies could unlock new avenues for institutional involvement, potentially legitimising these assets within the larger financial system. To add to the momentum, Cardano founder Charles Hoskinson has expressed his intent to actively shape U.S. crypto policy under Trump’s administration, with speculation mounting that he may even assume an advisory role. In this environment, altcoins linked to DeFi could transcend their speculative origins to evolve into crucial building blocks of a financial system that prioritises user control and decentralised access over centralised authority. According to Arkham Intelligence, the 47th President of the United States himself currently owns $5.3 million in crypto assets, with his Top 3 being ETH, wETH, and TRUMP. Donald Trump's crypto wallet breakdown. Source: Arkham Intelligence New Memecoin Mania Driven By Retail Excitement The election results have not only boosted interest in established altcoins but have also reignited enthusiasm for speculative tokens, particularly meme coins like Dogecoin, Shiba Inu, and Floki Inu. Driven by social media hype and endorsements from figures like Elon Musk, these tokens have seen renewed attention and significant price gains in the wake of Trump’s victory. Dogecoin, in particular, is surging at high speed and thereby flipped XRP on November 10 and USDC on November 11 to become the sixth-largest cryptocurrency by market capitalisation with a 24H increase of more than 40%. Retail traders have embraced this moment as a unique opportunity to leverage political momentum and ride the wave of optimism sweeping across the crypto market. Dogecoin is now the 6th largest crypto. Source: CoinMarketCap Yet, the appeal of memecoins goes beyond mere speculation. With a potentially more lenient regulatory environment under Trump’s administration, these tokens may be able to develop beyond their initial novelty status. Developers and communities supporting memecoins are exploring ways to integrate them into broader applications to turn them into more functional assets within a decentralised ecosystem. For retail investors, memecoins represent a democratic, community-driven element within the crypto world that is highly accessible and often symbolic of the broader movement towards financial inclusivity and innovation. The excitement surrounding these tokens reflects a distinct layer of the crypto market, where retail investors find renewed confidence to engage with high-risk, high-reward assets in a politically supportive climate. Institutional Investors Drive A Mature Alt Season Unlike previous alt seasons that were driven primarily by retail speculation, this cycle brings a new dimension with substantial institutional backing. Major asset managers, including BlackRock, have expanded their crypto portfolios to include Ethereum-based assets and other altcoins as part of their diversification strategies. BlackRock’s involvement, in particular, has shifted perceptions of the altcoin market, which marks a transition of their value from speculative tokens to assets that can hold strategic value within a diversified investment portfolio. Ethereum has seen a significant uptick in demand for options and futures, with investors expecting the new administration to implement regulatory changes that could foster blockchain innovation. The institutional embrace of altcoins like Ethereum signals a maturation of the market. These assets are no longer viewed solely as high-risk ventures but are increasingly considered vital components of the digital economy. Altcoins connected to DeFi, gaming, and NFTs are emerging as essential participants in an interconnected economic landscape. For institutions, these assets offer exposure to the cutting edge of financial technology, and their adoption reflects a shift in how digital assets are perceived and utilised. This new wave of institutional support for altcoins suggests a move beyond speculation, as these assets gain legitimacy and utility in mainstream financial frameworks. Let's Envision A New Digital Economy With Altcoins The implications of a Trump-led administration with a supportive stance on cryptocurrency could be transformative, not only for Bitcoin but for the entire spectrum of altcoins supporting DeFi, Web3, and other blockchain initiatives. Should Trump’s campaign promises of regulatory reform come to fruition, altcoins may continue their upward trend to carve out a distinct role in the financial system. Altcoins tied to DeFi, gaming, and NFTs could be positioned at the forefront of an economy that values decentralisation and digital innovation. In this scenario, altcoins would evolve from high-risk investments into indispensable assets within a digital financial framework that empowers both individuals and institutions. The market’s growing acceptance of altcoins signifies a broader evolution in the crypto space, where these assets have the potential to become cornerstones of a decentralised financial network. Trump’s administration could play a critical role in advancing this transformation by removing regulatory barriers, fostering an environment conducive to innovation, and encouraging the integration of blockchain technology into various economic sectors. For now, the crypto community and investors alike are watching closely, as the market anticipates steps that could reshape the role of altcoins in the digital economy. The policies and decisions made in the near term may define not only the growth trajectory of altcoins but also their potential to serve as foundational elements within the financial systems of tomorrow. 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.

Blast (BLAST): The Innovative Layer 2 That Introduces Native Yield for ETH and Stablecoins

What is Blast (BLAST)? Blast (BLAST) is a groundbreaking Ethereum L2 solution designed to provide native yield for ETH and stablecoins. Unlike other L2 solutions that offer a 0% interest rate, Blast incorporates a native yield, meaning users’ balances automatically grow over time. Specifically, Blast offers a yield of 3.4% for ETH and 8% for stablecoins. Who Created Blast (BLAST)? Blast was created by a team of experienced developers and contributors from various prestigious institutions and organizations. Key figures behind Blast include Pacman, the creator of Blur (the top NFT marketplace protocol on Ethereum), and contributors from leading institutions like Massachusetts Institute of Technology (MIT), Yale University, Nanyang Technological University (NTU), Seoul National University (SNU), and Y-Combinator (YC). The team has a strong background in DeFi and Web3, having worked on major protocols primarily on Ethereum but also on other chains like Solana. What VCs Back Blast (BLAST)? Blast has garnered significant interest from the venture capital community. It has raised $20 million from prominent investors such as Paradigm, Standard Crypto, eGirl Capital, Primitive Ventures, Andrew Kang, Hasu, Foobar, Blurr, Will Price, Hsaka, Santiago Santos, Larry Cermak, Manifold, Jeff Lo, and other notable crypto investors. How Blast (BLAST) Works Blast's operation revolves around several innovative mechanisms that differentiate it from existing L2 solutions. Auto Rebasing One of the key features of Blast is auto rebasing. In Blast, ETH and USDB (Blast’s native stablecoin) balances automatically rebase. This means that users’ balances grow over time without any additional effort. Unlike other systems that use wrapped versions of ETH (like WETH or STETH), Blast allows ETH itself to rebase natively on the L2. This feature applies to externally owned accounts (EOAs) and can be optionally enabled for smart contracts. L1 Staking Blast leverages the Ethereum Shanghai upgrade to facilitate L1 staking. Initially, ETH yield from Lido’s L1 staking is transferred to users through rebasing ETH on the L2. This system ensures that users benefit from the yield generated by staking ETH without needing to navigate complex staking protocols. T-Bill Yield For stablecoin yields, Blast uses MakerDAO’s on-chain T-Bill protocol. When users bridge stablecoins to Blast, they receive USDB, an auto-rebasing stablecoin. The yield from USDB is sourced from T-Bill protocols and can be redeemed for DAI when bridging back to Ethereum. This integration provides a substantial 8% yield on stablecoins, significantly higher than typical yields available on other platforms. Gas Revenue Sharing Unlike other L2s that retain gas revenue, Blast distributes net gas revenue back to Dapps programmatically. This revenue sharing incentivizes Dapp developers to build on Blast, as they can keep this revenue or use it to subsidize gas fees for their users. This approach aligns the interests of Dapp developers and users, fostering a more vibrant and user-friendly ecosystem. Airdrops Blast has an innovative approach to airdrops, designed to reward liquidity providers and Dapp developers. Blast Points Blast Points are distributed automatically every block to EOAs and smart contracts based on their balance of ETH, WETH, and USDB. This distribution happens at a rate of approximately 0.06504987 Points per Block per ETH. Since users stop earning Points when they deposit funds into a smart contract, Blast allows smart contracts to redirect these Points back to users according to their own internal metrics. This ensures that users continue to benefit from their holdings even when engaging with smart contracts. Blast Gold Blast Gold is distributed manually to smart contracts every 2-3 weeks. This distribution is announced on the @BLAST_L2 Twitter account. The purpose of Blast Gold is to incentivize Dapps that build valuable features for the Blast ecosystem. Gold is awarded based on traction, use of Blast-native features like native yield and gas fee sharing, and the effectiveness of their incentives. The goal is to fuel Dapp growth and ensure that developers who contribute to the ecosystem are adequately rewarded. BLAST Goes Live on Bitget Blast is a revolutionary Ethereum L2 solution that addresses key challenges such as yield generation and scalability. With its unique features like auto rebasing, L1 staking, T-Bill yield, and gas revenue sharing, Blast offers a compelling alternative to existing L2 solutions. The strong backing from prominent venture capitalists and the innovative airdrop mechanisms further enhance its appeal. Trading BLAST, the native token of Blast, on Bitget offers a unique opportunity to participate in this groundbreaking blockchain. How to Trade BLAST on Bitget Listing time: June 26, 2024 Step 1: Go to BLASTUSDT 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. Trade BLAST 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.

Bitget Hot Takes (January 23 - January 29)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. Bitget Hot Takes the week before can be found here. Central Themes • ETH sliding, BTC hovering above US$23,000 with hashrate hitting new all-time high levels. • DeFi blue chips are actively building and expanding to different chains. • New insights from Genesis’ bankruptcy filing; SBF attempted to influence witnesses. • Moody’s is in the early stage of developing a stablecoin scoring system. BGB Hit A New High For 2023 While Bitcoin managed to hold the US$23,000 mark throughout the weekend, BGB saw a small contraction of 0.07% in returns and Ethereum 3.25%. That could be a lil’ bit concerning for BGB diamond hands, but check out the chart below: Source: TradingView BGB reached 2023’s new high this week, following the bullish sentiment of general markets. The U.S. 2022 GDP numbers published by the Bureau of Economic Analysis seemed to have given BGB the momentum it needed to cross US$0.21 Check the analyses of BGB price trend in 2022 here: BGB Sail: December Edition BGB Sail: November Edition BGB Sail: October Edition BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition If you are completely new to the token, we are delighted to give you the full guide to BGB - the golden ticket to the Bitget Ecosystem here: Why BGB Is Your Bluechip Exchange Token. Markets Got Busy Again Ethereum prices saw quite a shrinking over the last seven days compared to Bitcoin and other altcoins. That could be a result of the unclear definition of the PoS Ethereum, which is discussed in the first volume of The Crypto Burrito. Of course ETH holders are looking for a reason to expect price soaring, and they have it: The Shanghai upgrade is set to take place in March. Developers have been working on it; a fork devoted to the purpose of upgrade rehearsal, called ‘shadow fork’, was finalised on January 23. As we are already in the last few days of January, there are less than 60 days until the Shanghai upgrade as well as the enabling of withdrawals on the Ethereum network. Under direct influence of this event are LSD protocols (again, check out The Crypto Burrito (Volume I): Ethereum Merge to learn more about liquid staking derivatives or LSDs). The biggest validator on the Beacon Chain (also the most popular LSD protocol per se), Lido, has published their design proposal for the ETH unstaking on the community forum and asked for feedback. The proposal needs to undergo a voting process by Lido DAO before any changes are implemented on the protocol. On a side note, we are seeing more L1s embracing LSD, with Marinade Finance introducing a reward programme worth around US$10 million for liquid staking on Solana. Last year, the U.S. announced the blacklisting of crypto-mixing service Tornado Cash, saying ‘Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks’. That severely impacted the decentralised state of crypto, as Tornado Cash allows for easy, non-custodial, anonymous on-chain transactions. Now there’s a way out for Tornado Cash users: Web3 builder venture Chainway recently launched a Proof-Of-Innocence protocol, through which Tornado Cash users can prove that their funds do not come from hacker addresses while preserving their privacy. DeFi and NFT blue chips are building non-stop We can agree that many crypto blue chips are Ethereum-native protocols. But Ethereum’ congestion and high gas fees remain a firm entry barrier for new users, which understandably explains the rise of BNB Chain and most recently Polygon in terms of daily active users. Therefore, the biggest names are looking to expand their services to other chains: • Uniswap to deploy on BNB Chain: Proposal by 0xPlasmaLabs, preliminary polls see 80% saying yes; • Sushiswap to launch a perpetual DEX on Sei Network (per Sushiswap Head Chef), after the Head Chef proposed a change to the SUSHI tokenomics, following a temporary change to replenish the Treasury. Still putting the focus on Ethereum are MakerDAO, whose community is backing a proposal to yield interests for their Treasury from an earning vault by Yearn Finance, and Aave, which will soon launch a ‘fresh’ Aave v3 with the initial listings consisting of WBTC, WETH, wstETH, USDC, DAI, LINK, and AAVE. Three major news regarding the NFT/Metaverse space last week include: • Decentraland partners with Pedigree to bring canine adoption to the metaverse; • Bored Ape NFT game Dookey Dash registered over US$40 million (27,090 ETH) in 10-day trading as players are excited about the mystery rewards • The German carmaker Porsche releases the official Terms and Conditions (TC) for their Porsche NFT collection, which gives buyers the opportunity to withdraw from the purchase within 14 days. In the Wild West of NFT, Porsche is one of the first to honour consumer rights with this TC and may have set the example for future NFT projects so as to prevent rug pulls and scams. Trouble, trouble, trouble Crypto saw a new week of layoffs, half from the troubled actors: Gemini (10% of staff), DCG’s Luno (35%), CoinTracker (20%) and Moralis (numbers undisclosed). New from the court proceedings: Genesis’ creditor list shows not only crypto/financial firms (Gemini, Cumberland, Mirana, MoonAlpha Finance and VanEck, among others), but also government agencies - the Internal Revenue Service (IRS) and the Securities and Exchange Commission (SEC) of the U.S. as well. The creditor list of FTX appears to be even longer, with star athletes, crypto firms, tech giants, media outlets, the PM of Bahamas and public servants of both the Bahamas and the U.S. More information on the Chapter 11 Bankruptcy can be found here: The Crypto Burrito (Volume IV): Understanding 2022’s Crypto Bankruptcy Filings Still in the process are BlockFi and FTX. The former was granted permission to issue US$10 million in bonuses for their critical employees to keep them from fleeing to Google, Block Inc. and Walmart. Meanwhile, prosecutors are asking the judge to impose new bail conditions and FTX is seeking permission to subpoena SBF after the former FTX CEO used Signal to contact a potential witness in his criminal case. Celsius Earn users already received the ultimatum from the bankruptcy court, but they can still expect to get some of their assets back. A representative of the bankrupt crypto lender told the court that they are ‘in the later stages’ of developing a plan to return assets to Earn customers. Eligible Celsius accounts should also receive the Flare token airdrop after Celsius won court approval for the one-time distribution of FLR to users who had XRP locked on the platform as of December 2020. The Twitter accounts of Robinhood and Azuki were hacked last week. Hackers saw the opportunity to take advantage of their followers, thus promoting the scam token of RBH on BNB Chain and fake virtual land claims in Azuki's newly launched virtual world Hilumia. In-between these hacks was a phishing attack that resulted in the loss of US$1 million value NFTs owned by Moonbirds creator Kevin Rose. The Latest Bitget News Happy new year and Happy Lunar new year to our users with the upgraded 5,005 USDT Welcome Package for newbies! Register here and complete all tasks in Bitget Rewards Center to receive the gifts! Have you tried Bitget Spot Copy Trade on your Android devices? Realising how much our users love Bitget One-Click Copy Trade, we have worked diligently to release Bitget Spot Copy Trade - the sibling of Bitget One-Click Copy Trade that targets Bitget spot markets and our plentiful offering of crypto pairs. Learn how to dive in right now with our guide here. Another key component of Bitget Social Trading is Bitget Insights, which is now available on web here: Bitget Insights Web. Sign in right now and share your experience and opinions on markets to share US$4,000 in rewards. You can choose to contribute to the Bitget community either by creating valuable content or helping us recruit high-quality content creators - it’s completely up to you! Talk about Bitget Social Trading, new listings here for you: • New One-Click Copy Trade pairs: OPUSDT and PEOPLEUSDT • New Spot Grid and DCA Strategy Trading pairs: USDCUSDT, BUSDUSDT, GALAUSDT, ZILUSDT, APEUSDT, OPUSDT, GMTUSDT, NEARUSDT, FTMUSDT, OCEANUSDT, HOOKUSDT, ANKRUSDT, FETUSDT, WOOUSDT, PEOPLEUSDT, DYDXUSDT • New Futures Grid and DCA Strategy Trading pairs: ZILUSDT, OPUSDT, WOOUSDT, PEOPLEUSDT, DYDXUSDT • New Spot Margin pairs: APEUSDT and TRXUSDT Even before the FTX demise, Bitget has already been committed to bring transparency, safety and trust to the digital space. The latest snapshot of our Proof-Of-Reserves for December 2022 was released in early January with a Total Reserve Ratio of 223% and our Bitget Protection Fund maintained at 6,500 BTC and 200,000,000 USDT. However, we are determined to forge ahead by giving users with decent holdings the opportunity to apply for the brand new Bitget Fund Custody Service, through which their assets will be better protected in a separate address. New Events Make a Deposit, Share $10,000 Futures Trading Bonus Bitget Insights Web Launch: Share Insights, Earn Rewards up to $4000 Share 6000 USDT Get to Know 13 Community Reputation Roles' NFT VIP Earn Rewards for New Year: 3x APR, Free VIP Privileges! Anybody can be a Merchant on Bitget P2P and Earn 125$ in Weekly rewards! Bitget Elite Recruitment! Invest Like the Top Investors on Bitget Buy Crypto with 0% Fees Through Banxa Earn $10 Bonus! Broker’s Special - 100% Rebate for Limited Time Only! Get 3$ Free on your first P2P trade on Bitget P2P! [Bitget VIP] Free To Claim Your New Year Gifts Join Bitget Discord and Participate in the New Weekly Registration Contest, Win BGB Bitget Partners with TealStreet; Plus, Register, trade for up to $8000 bonus！ Good Reads What is Stagflation and How Does It Affect the Crypto Market? The Crypto Burrito Volume III: The Never-Ending Saga Of FTX The Crypto Burrito Volume IV: Understanding 2022’s Crypto Bankruptcy Filings How Bitget Became A Dark Horse And Earns Market Share And Trust From Millions In Crypto Winter What Is DogeCoin (DOGE)? Follow us for the latest updates: Twitter | Telegram | LinkedIn | Facebook | Instagram

Bitget Hot Takes (December 05 - December 11)

Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, the 360-degree onboarding guide for all crypto enthusiasts. Bitget Hot Takes last week can be found here. Central Themes • BGB momentum slowed down. • Two biggest events to watch for in the next few days: FOMC meeting (Dec 13-14) U.S. Senate FTX hearing with SBF (Dec 14). • The ripple effect of FTX collapse continued to spread. • More job cuts in tech. BGB Momentum Slowed Down Approximately one week after BGB made the record all-time high on October 21, 2022, there was a sharp decline in the accumulation trend, meaning traders took the opportunity to capitalise on gains from BGB. We have been in a phase of no-distribution zone ever since, with the original RSI index soon to reach the oversold level. In short, we can expect a new local peak in the short-term future, but until then, it’s extremely unlikely that there will be any radical move from BGB. For BGB’s price movements in the last few months, check out our BGB Sail series here: BGB Sail: October Edition BGB Sail: September Edition BGB Sail: August Edition BGB Sail: July Edition BGB Sail: June Edition BGB Sail: May Edition Events To Watch For This Week The two key events for the week are: • The last FED meeting of 2022 on December 13 - December 14 and the interest rate decision on December 14; • FTX Hearing in the U.S. Senate with the testification of Sam Bankman-Fried (SBF) on December 13 Until there is a decision on the next interest rate hike, most cryptocurrencies will most likely be trading sideways with a lower volume than usual - an indication that traders have become less active during the FOMC blackout period. The current consensus is showing a projection of less than 0.75%, according to FedWatch Tool. Source: FedWatch Tool Meanwhile, the notorious SBF has confirmed that he’ll be testifying before the U.S. House on December 13 (Tuesday) to help shed light on the collapse of FTX, which has caused many big players in the crypto industry to go into limbo, if not to go bankrupt, thus capturing the attention of regulatory watchdogs. Crypto lender Genesis did not only have US$175 million stuck on FTX but also made loans to Alameda Research. And with Genesis being the official partner of the Gemini Earn program, the impact is enormous. A report by CoinDesk reveals that Genesis currently owes US$1.8 billion to their creditors, including US$900 million to Gemini users. Some other crypto players hit by the fall of FTX include M11 Credit (a pool delegate of Maple Finance), Maple Finance, Orthogonal Trading and Nexus Mutual. It turned out that the Sydney-based hedge fund Orthogonal Trading ‘have been operating while effectively insolvent’, therefore unable to pay back the US$10 million USDC loan to M11 Credit on Maple Finance and received a notice of default for four loans totalling US$36 million in the USDC and wETH pools. Maple Finance, of course, took the hit, with MPL (Maple Finance’s native token) down by -23.55% in the last seven days. Insurance products provider Nexus Mutual is expecting a 2,461 ETH (ca. US$3 million) loss due to their exposure to the wETH pool on Maple Finance. Off-shore crypto companies are being addressed by the European Commission with regards to reverse solicitation (i.e. passive servicing), that is, when foreign crypto asset service providers are contacted by EU residents themselves, without being affected by any promotion or publicity by such entities, and reporting on transactions of EU-based clients to tax authorities. Hong Kong has already passed the Amendment Bill 2022 that introduces a new licensing regime for virtual asset service providers, with tracking customers’ crypto purchases being one major requirement. The U.K. is set to announce new crypto regulations, which should be similar to the EU’s MiCA. It is meant to better protect the British from cases like FTX and provide clearer guidelines to support the development of the crypto industry in the region, in addition to the Edinburgh Reforms (keywords: innovation, technology people and businesses across the UK). A potentially good news is that the North Carolina Republican Patrick McHenry is selected as Chairman of the House Financial Services Committee. He has been a supportive fintech advocate and voicing his interest in crypto policies publicly on Twitter for quite some time. The Latest Bitget News Bitget Reserve Certificate is now live! You can access the reserve data of Bitget as a whole here and learn how to check your personal Merkle Tree by following the guide at the end of the page. Argentina has entered the Semi-final round with Messi already having scored four goals and two assists in Qatar 2022 for the team. Congrats to our Hero and we wish him a smooth ride to the final match! Show us the spirit by predicting the results of the next games and share ONE MILLION BGB as rewards! Sharing is caring: Seed, Bitget’s first and exclusive NFT collection, is launching, with the first batch directly distributed to FTT holders to assist them on this difficult transition. We are here to help the crypto community with unwavering dedication - check out our US$200 million Bitget Protection Fund and our US$5 million Builders’ Fund as well! Set a reminder not to miss our 10,000 BGB Scholarship for learners of Bitget SharkFin! Bitget SharkFin is our very-soon-to-be-launched new structured investment product that offers good yields at significantly lower risks. With Bitget SharkFin, investors can expect an APR floor - regardless of market conditions - and chances of earning even more if prices are to stay within the planned range during the lock-up period. We encourage our users to be conscious about any investing activity, thus the 10,000 BGB Scholarship is designed to help you earn by learning and making sensible subscriptions (only a small percentage) by luck! New Listings Spot Trading PRIMALUSDT PUMLXUSDT HOOKUSDT Futures Trading BATUSDT FOOTBALLUSDT MKRUSDT Good Reads Bitget SharkFin Introduction What Are Index Price, Mark Price, And Last Traded Price? How To Prevent P2P Trading Fraud What Is DCA? Inflationary vs. Deflationary Tokens Stop Loss Levels vs. Take Profit Levels Follow us for the latest updates: Twitter | Telegram | LinkedIn | Facebook | Instagram