Bitget Launches 'Dual-Coin' Crypto Loans to Boost Investor Liquidity

Bitget Launches 'Dual-Coin' Crypto Loans to Boost Investor Liquidity

Daily Market Wrap

  • Crypto market cap: USD 1.21T,? down 1.27%
  • BTC price stands at? USD 30,845.29, down 1.35%
  • ETH price stands at? USD 1,953.57, down 0.67%
  • Top gainer: Aave(AAVE), up 15.26%
  • Top loser: eCash(XEC), down 11.10%

News of the Day

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Bitget Launches 'Dual-Coin' Crypto Loans to Boost Investor Liquidity

Why it matters:

  • The Bitget Dual-Coin Loan service will operate using two different cryptocurrencies: USDT and BFT. Users will be able to lend either USDT or BFT to other users on the platform in exchange for interest payments. The interest rate for USDT loans will be set at 6% per annum, while the interest rate for BFT loans will be set at 9% per annum.
  • Bitget is positioning the Dual-Coin Loan service as a way for investors to earn passive income on their cryptocurrency holdings without having to engage in active trading. The service is also designed to provide liquidity to the market by allowing users to borrow cryptocurrency in exchange for collateral.
  • The launch of the Bitget Dual-Coin Loan service comes at a time when interest in cryptocurrency lending services is on the rise. As more investors look for ways to earn passive income on their cryptocurrency holdings, lending services like Bitget's are becoming increasingly popular.

Crypto Daily Spotlight

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TON blockchain launches on-chain encrypted messaging feature

Brief introduction: Telegram Open Network (TON) is a blockchain platform developed by the popular messaging app, Telegram. The platform was designed to provide a fast and secure way to exchange value and information, with a focus on privacy and decentralization.

Why it matters:

  • The launch of TON Surf is a significant development for the TON blockchain platform, which has been in development for several years. The platform was originally intended to launch in 2019, but was delayed due to regulatory issues.
  • The new messaging feature is expected to be popular among users of the TON blockchain platform, as it provides a secure and private way to communicate with other users. The feature is also expected to attract new users to the platform, as it provides a unique value proposition that is not available on other blockchain platforms.?
  • The launch of TON Surf is also significant because it demonstrates the potential of blockchain technology to provide secure and private messaging services. As concerns about online privacy continue to grow, blockchain-based messaging services like TON Surf are likely to become increasingly popular.

Daily Sector Tracker

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Daily News Roundup

  1. OpenAI pauses ChatGPT’s Bing feature as users were jumping paywalls
  2. Google updates its privacy policy to allow data scraping for AI training
  3. Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin
  4. Aptos Jumps 10% Overnight as South Korea Trading Volumes Spike
  5. Crypto Exchange Gemini Tables 'Final' $1.5B Offer for Barry Silbert's DCG

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