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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.

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cointelegraph.com Mar 25, 2025 01:10

USDC stablecoin receives approval for use in Japan, says Circle - Circle said it will officially launch its stablecoin in Japan on March 26 after one of its local partners received regulatory approval to list the US dollar stablecoin three weeks ago.USDC (USDC) will first be listed on the “SBI VC Trade” crypto exchange under a joint venture between its parent firm — Japanese financial conglomerate SBI Holdings — and Circle’s Japanese entity Circle Japan KK, Circle said in a March 24 statement.The news comes three weeks after SBI VC Trade secured an industry-first regulatory approval on March 4 to list USDC under the Japan Financial Services Agency’s stablecoin regulatory framework.Circle is also looking to list USDC on Binance Japan, bitbank, and bitFlyer in the near future.Japan’s bitbank and bitFlyer are two of the country’s largest crypto exchanges — having processed more than $25 million each over the last day with over 1.85 million visits to their websites in the last month.The regulatory approval comes after two years of back-and-forth negotiations with regulators, banking partners, and industry players, Circle’s Jeremy Allaire said in a March 24 X post.“[This] unlocks tremendous opportunities not just in trading digital assets, but more broadly in payments, cross border finance and commerce, FX,” he added.Source: Jeremy AllaireSBI Holdings CEO and president Yoshitaka Kitao said the USDC launch would enhance financial accessibility and drive crypto innovation in Japan’s evolving digital economy.“[This aligns] with our broader vision for the future of payments and blockchain-based finance in Japan.”Related: Gold-backed stablecoins will outcompete USD stablecoins — Max KeiserMeanwhile, USDC and Circle’s euro-backed EURC (EURC) stablecoin were recognized as the first stablecoins under the Dubai Financial Services Authority’s new regime on Feb. 24.The recognition allows companies operating in the Dubai International Financial Centre — a free economic zone — to integrate the two stablecoins into a range of digital asset applications, including payments, treasury management and services.USDC remains the second largest stablecoin by market cap at $59.7 billion, trailing only Tether’s USDT at $143.8 billion, CoinGecko data shows.Magazine: SEC’s U-turn on crypto leaves key questions unanswered

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