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cointelegraph.com Mar 24, 2025 12:07

BugsCoin (BGSC) booms: 50% burn & trading surge signal global Web3 ascent - Bugs Coin (BGSC), created by the renowned Korean trading YouTuber Inbum with 630,000 subscribers, is quickly making its mark in the global cryptocurrency market. Originally launched as an innovative Web3-based cryptocurrency project, BGSC aims to transcend the traditional limitations of meme coins by integrating cultural and artistic elements to build a strong, community-driven ecosystem.Currently, BGSC is listed on major global exchanges. Built on the BNB Smart Chain (BSC), BGSC provides users with fast transaction speeds and low fees, enhancing overall user experience.Gate Ventures invests $8.5M in Bugs Coin ecosystemGate Ventures, recently announced via its official channels that it has made a strategic investment of $8.5 million in the Bugs Coin ecosystem.This investment will be used to accelerate the development of the AntTalk trading platform and the BGSC token. Gate Ventures stated, “Our strategic collaboration with BGSC aims to promote cryptocurrency education and trading while increasing global market participation.”Explosive trading volume growth: BGSC futures skyrocket 1,300% in 24 hoursRecently, BGSC has witnessed a massive surge in futures trading volume, drawing significant attention from global traders.According to CoinMarketCap, BGSC’s futures trading volume on Bitget skyrocketed by 1,300% within 24 hours, surpassing $30 million. This remarkable growth in trading volume outpaced several major cryptocurrencies and highlighting BGSC’s rapid expansion in the market.Additionally, CoinGlass data indicates that as of 20:00 PM (UTC) on the 17th, BGSC’s 24-hour liquidation volume reached $1.2 million, reflecting increased volatility alongside the rising trading volume.Massive token burn: BGSC supply slashed by 50%Bugs Coin recently completed a token burn of 50 billion BGSC, equivalent to approximately $3.25 billion. The burn was executed at 5:20 AM (UTC) on the 19th, effectively reducing the total BGSC supply from 100 billion to 49.845 billion tokens.The Bugs Coin team stated, “This strategic burn aims to decrease excess supply, increase BGSC’s scarcity, and enhance its long-term value while alleviating investor concerns regarding rug pulls and scams.” Furthermore, the team announced plans to allocate reserve and marketing funds via smart contracts to further reinforce decentralization.AntTalk Platform Drives Community Growth and Introduces a BGSC Mining Model.Bugs Coin is actively expanding community engagement through its AntTalk platform, a cryptocurrency information and simulated trading platform. Users can earn Bugs Points by participating in various activities on AntTalk, which can be converted into BGSC tokens.Key features of AntTalk:BGSC Mining via Simulated Trading – Users can earn BGSC through AntTalk’s simulated trading system without requiring complex mining equipment.Weekly Swap Feature – Bugs Points can be exchanged for BGSC on a weekly basis.Community-Driven Rewards – Airdrops, events, and community participation incentives reward active users.Fair Reward Distribution – AntTalk regularly allocates points based on trading performance to ensure fair rewards.Global Expansion – Designed to help beginners gain crypto investment experience, expanding its user base worldwide.BugsFunded Prop Trading System set for introductionTo further expand its ecosystem, Bugs Coin is set to introduce the BugsFunded Prop Trading System.BugsFunded is a decentralized crowdfunding and prop trading system that offers community-driven investment opportunities, allowing professional traders and retail investors to participate in a transparent and fair trading model.Key features of the BugsFunded Prop Trading System:Prop Trading Integration - The system utilizes a robust global trading infrastructure to deliver a secure and efficient trading environment.Community-Driven Investment Model – Users can fund traders via prop funding and share profits based on their performance.Decentralized Operations – Funds are managed transparently through smart contracts, eliminating intermediaries.Professional Trader Verification – Traders must undergo a performance-based evaluation before participating in prop trading.Transparent Profit Distribution – Investment returns are automatically recorded on the blockchain and distributed fairly through smart contracts.The BugsFunded Prop Trading System is expected to enhance BGSC’s liquidity and create a fair and collaborative investment environment for both professional traders and everyday investors.Future outlook for Bugs CoinBugs Coin is evolving beyond just a meme coin, establishing itself as an innovative cryptocurrency project with a robust ecosystem and real-world utility.Listed on several major global exchanges24-hour futures trading volume surged by 1,300%50 billion BGSC burned – Total supply reduced by 50%AntTalk platform driving simulated trading and BGSC miningBugsFunded Prop Trading System set for introductionCommunity-driven growth and increased decentralizationAs of March 24, BugsCoin has surpassed $0.0105Bugs Coin is committed to continuous ecosystem expansion and innovation, aiming to provide long-term value in the global cryptocurrency market.

FOMO: 90%
cointelegraph.com Mar 25, 2025 03:18

Massive Bitcoin whale buys $200M in BTC, another wakes up after 8 years - A massive Bitcoin whale wallet holding has just added $200 million worth of Bitcoin to its position after selling over 11,400 Bitcoin over the last few months — coinciding with a recent rebound for the original cryptocurrency. The Bitcoin (BTC) whale added 2,400 Bitcoin — worth over $200 million — to their stash on March 24, blockchain analytics firm Arkham Intelligence said in an X post.Data shared by the firm shows that despite some sales in February, after the latest purchase, the whale holds over 15,000 Bitcoin in its wallet, worth over $1.3 billion, at current prices. “A $1 billion Bitcoin Whale just withdrew $200 million of Bitcoin this morning from Binance,” Arkham said.The whale started acquiring Bitcoin five days ago after selling off its stash when Bitcoin’s price was between $100,000 and $86,000 in February. CoinGeck data shows on Feb. 1, Bitcoin was worth over $104,000, but it steadily declined to hit a low of $78,940 on Feb. 28. Source: Arkham IntelligenceThe whale movement comes amid a recent Bitcoin price rebound. Bitcoin has been trading $81,000 and $88,000 in the last seven days, according to CoinGecko, with a price surge of 3% on March 24, distancing itself from its $76,900 low on March 11.Bitcoin whale wakes from slumber At the same time, another Bitcoin whale has woken up after eight years of dormancy, moving over 3,000 Bitcoin, worth $250 million, in one transaction on March 22.“His Bitcoin stack went from $3M in early 2017 to over $250M today — and he’s held Bitcoin on one address for over 8 years,” Arkham said in a March 22 X post. Another huge Bitcoin holder, BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, has been steadily accumulating more Bitcoin over the last week as well, according to Arkham.Across 15 transactions, the asset manager bought an extra 4,054 Bitcoin, giving it a total stash of 573,878, worth over $50 billion, data on Bitbo’s Bitcoin treasury tracker shows. BlackRock’s iShares Bitcoin Trust (IBIT) also led a rally of spot Bitcoin exchange-traded funds (ETFs) in the US, snapping a five-week net outflow streak by clocking a net inflow of $744.4 million. The bulk of net inflows came from BlackRock’s iShares, which recorded $537.5 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $136.5 million.Bitcoin whales weren’t the only ones accumulating more crypto. Lookonchain used Arkham data to track a lone Ether whale who added 7,074 Ether (ETH) to its stash on March 21, worth $13.8 million.Source: LookonchainEther has been moving between $1,876 and $2,097 in the last seven days, CoinGecko data shows. It’s still down over 57% from its all-time high of $4,878, which it hit in November 2021.However, its open interest surged to a new all-time high on March 21, and the number of addresses with at least $100,000 worth of Ether started rising at the beginning of March, from just over 70,000 addresses on March 10 to over 75,000 on March 22.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

FOMO: 90%
cointelegraph.com Mar 25, 2025 06:05

Kentucky governor signs ‘Bitcoin Rights’ bill into law - Kentucky governor Andy Beshear has signed a measure known as the “Bitcoin Rights” bill, into law, enshrining protections for crypto users, as two other US states’ Bitcoin reserve legislation advanced.Crypto advocacy group the Satoshi Action Fund said in a March 24 statement to X that House Bill 701 protects the “right to self-custody, run a node, and use of digital assets” without “fear of discrimination.” First introduced to the Kentucky House by Rep Adam Bowling on Feb. 19, HB701’s description says it safeguards the right to use digital assets and self-custody wallets and bans local zoning changes that discriminate against crypto mining. Source: Satoshi Action FundAt the same time, the legislation provides guidelines for running a crypto node, excludes crypto mining from money transmitter license requirements, and specifies that mining and staking are not considered offering or selling a security.The bill passed Kentucky’s House of Representatives on Feb. 28, with all 91 representatives voting in favor, and passed the state Senate on March 13, with all 37 senators voting in favor. It was then signed into law by Beshear on March 24. The legislation mirrors similar legislation signed into law by Oklahoma Governor Kevin Stitt in May 2024. Kentucky’s Bitcoin Rights bill enshrines protections for crypto users in the state. Source: Kentucky General AssemblyKentucky has also introduced a bill to establish a Bitcoin reserve, allowing the State Investment Commission to allocate up to 10% of excess state reserves into digital assets, including Bitcoin (BTC); the bill is still under review. Other Bitcoin reserve bills move forwardMeanwhile, Oklahoma’s House Bill 1203 (HB 1203), known as the Strategic Bitcoin Reserve Act, has passed the State House of Representatives 77 to 15, according to the crypto advocacy group, the Oklahoma Bitcoin Association.The bill was introduced to the Oklahoma House of Representatives on Jan. 15 by state Representative Cody Maynard and passed the Government Oversight Committee with a 12–2 vote on Feb. 25. Related: Crypto bills stack up across the US, from Bitcoin reserves to task forcesIt must now pass through the Senate before the Oklahoma governor can veto or sign the bill into law. Oklahoma state Senator Dusty Deevers also filed legislation on Jan. 8 that would allow residents in the state to receive salaries in Bitcoin. Bitcoin legislation tracker group Bitcoin Laws said in a March 24 X post that Oklahoma has now moved into equal second place with Texas in the State Bitcoin reserve race.Oklahoma has now moved into equal second place in the State Bitcoin reserve race. Source: Bitcoin LawsArizona remains in the lead after two strategic digital asset reserve bills cleared Arizona’s House Rules Committee on March 24 and headed to the House floor for a full vote.Bitcoin Laws speculates that because Republicans dominate the Oklahoma Senate and the governor is Republican, the bill “has a good chance to pass into law.” Missouri’s Special Committee on Intergovernmental Affairs is also in the process of evaluating the state’s Bitcoin reserve bill, according to Bitcoin Laws.Magazine: How crypto laws are changing across the world in 2025

FOMO: 90%