BGB & Morph Ecosystem Integration 

Bitget transferred all 440 million BGB tokens held by its team to the Morph Foundation. According to the BGB whitepaper, 300 million tokens were reserved for the ecosystem, while 140 million were allocated for team incentives. This partnership makes BGB the primary gas and governance token on Morph Chain. 

The Morph Foundation will burn 220 million BGB tokens immediately. The remaining 220 million will be locked, with 2% released each month to support liquidity incentives, ecosystem expansion, education, and awareness about BGB. 

BGB will now play a central role in the Morph ecosystem. The token will be used for Launchpool token mining, fee discounts, and other applications. Existing partnerships with exchanges and wallets will continue. 

Morph Chain Performance Upgrade 

Since its launch in 2023, Morph has attracted institutional investors including Dragonfly Capital and Pantera Capital. The chain has developed developer-focused tools like Morph Rails and retail payment solutions such as Morph Pay and Morph Black, quickly emerging as a promising public chain. 

The Morph Foundation will oversee the BGB development roadmap. Morph Chain aims to increase transaction throughput and reduce gas fees, positioning itself among the top five public chains. 

Bitget and Bitget Wallet will adopt Morph as their payment infrastructure and PayFi settlement layer. Additionally, stablecoin issuers and global payment providers will join the ecosystem. Morph’s mainnet launched in Q4 2024, achieving a peak TVL of over $150M. 

Blockchain developers are invited to join Morph to build high-performance, low-latency Web3 payment applications. This initiative enables daily payments to be fully on-chain. Detailed information is available on the Morph Developer Portal. 

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What Is XPIN Network (XPIN)?

XPIN Network aims to provide a decentralized telecommunications service, fostering a user-centric, secure, and transparent ecosystem. Built on a blockchain-supported infrastructure, the platform allows users to contribute devices and resources to the network. XPIN offers high-speed wireless connectivity in over 200 countries, automatic network switching, and an economic model where users earn rewards by participating in network growth.

Core Features of XPIN Network

• Global Connectivity: Provides high-speed wireless access in over 200 countries and regions, with automatic network switching for reliable connections.

• Decentralized Infrastructure: Unlike centralized telecom systems, it relies on user-contributed devices and resources to create a resilient network.

• Blockchain-Powered Ecosystem: Every transaction, from network coverage validation to asset management, is transparent and verifiable on the blockchain.

• User-Centric Economy: Users earn rewards through staking, mining, and contributing to network expansion.

Advantages of XPIN Network

XPIN Network is more than a connectivity solution—it’s a movement toward a freer, more connected world. By decentralizing wireless infrastructure and offering tokenized incentives, it disrupts traditional models, providing a fairer, more private, and financially rewarding alternative. Key innovations include:

• Seamless Global Connectivity: Flexible data plans (Permanent GB, Daily Unlimited, Monthly Unlimited) ensure users pay only for what they need.

• XTELLA.AI and Yield-Bearing AI Agent: The world’s first yield-bearing AI agent, powered by dynamic NFT ownership, mining rewards, and a modular knowledge base.

• Universal Dynamic Billing: Payments are converted into points consumed at varying rates based on location, ensuring transparent and flexible global data usage.

• DePIN + PayFi: Combines Decentralized Physical Infrastructure (DePIN) with Decentralized Payment Finance (PayFi), enabling token-based payments and cross-border transactions.

• Comprehensive Product Suite: Includes Global eSIM, PowerLink, NanoLink, XPIN BOX, and XPIN BaseStation, delivering seamless connectivity across diverse scenarios.

• Diverse Revenue Streams: Generates income through eSIM sales, flexible data plans, in-game items, co-branded promotions, and hardware devices.

Problems Addressed

XPIN Network tackles key challenges faced by traditional network users and IoT device operators:

• High Roaming Fees: Eliminates costly international roaming charges.

• Data Service Limitations: Replaces single-operator restrictions and rigid prepaid plans with flexible alternatives.

• Network Security and Privacy: Mitigates public Wi-Fi vulnerabilities with end-to-end encryption.

• IoT Device Connectivity Costs: Provides automatic network switching and cost-effective solutions for IoT devices.

• Network Deployment Costs: Reduces high infrastructure costs through decentralized systems.

• Non-Democratized Services: Empowers users to influence service decisions for a transparent experience.

Target Audience

XPIN Network serves a diverse range of users:

• Global Travelers and Digital Nomads: Seeking cost-effective, flexible connectivity without roaming fees.

• Web3 and DePIN Projects: Requiring decentralized communication infrastructure.

• Gamers and Miners: Combining entertainment with economic rewards.

• Network Partners: Offering new revenue opportunities for AI, DeFi, crypto, and data-driven applications.

What is the Xtella Game?

Xtella is a Mini App game launched by XPIN Network on Telegram, offering barrier-free participation for global players. Players increase their power by completing tasks, leveling up, and purchasing items, earning $XP points or tokens. Xtella provides an 8% XPIN token airdrop, with greater participation yielding larger rewards. Join the game at: Xtella Game.

Basic Settings

• Satellite Definition: Each player starts with one satellite, with power increasing through levels and items. The first two invited players become “Anchor Satellites,” forming a hierarchical satellite network.

• Power Definition: Total Power = (Base Power + Wing Power + Signal Power + Boost Power) × Signal Multiplier.

• Mining Model: A total supply of 100 billion $XP is distributed daily over 180 days, with players earning based on their share of network power.

• Earnings Grab: Players can grab 10% of unclaimed earnings from other satellites (5% for inactive ones), with a 1-hour protection period post-grab.

• Communication Core (CommCore): Mining activation items, valid for 30 days, offering multipliers (Basic: 100%, Intermediate: 200%, Advanced: 400%).

What is Xtella.AI?

Xtella.AI is XPIN Network’s pioneering yield-bearing AI agent, existing as an NFT on the blockchain, generating passive income and evolving over time. Set to launch on the BNB Smart Chain in January 2025, with resources and logs stored on BNB Greenfield, users can acquire it through the Xtella.AI All Win Auction.

Features of Xtella.AI

• Dynamic Updates: Learns and evolves transparently on the blockchain based on owner instructions.

• Uniqueness: Each Xtella.AI is a distinct digital identity recorded as an NFT.

• Yield-Bearing: Generates income through trading, staking, and mining.

• Applications: Supports global connectivity, smart hub management, and collective intelligence.

What is Xtella.AI dNFT?

Xtella.AI dNFT is a dynamic NFT from XPIN Network, generating passive income via staking, airdrops, and $XPIN mining. Supported by an AI agent, its value grows with task completion. The Airdrop Hunter Premint model allows early participants to earn rewards by boosting the dNFT’s weight.

Product Planning

Phase One

• Global Network Access: Offers eSIM plans for over 200 countries via the Telegram Mini App.

• Gamified Incentives: Boosts engagement through tasks and a level-based system.

• Co-Branded eSIMs: Expands market reach through partnerships with crypto wallets and exchanges.

Phase Two

• Web3 Integration: Automates transactions with decentralized identity (DID) and smart contracts.

• XPIN PowerLink: A mining-enabled power bank offering charging and internet connectivity.

• XPIN BOX: A smart vSIM router supporting up to 128 devices.

• XPIN Base Station: Combines cellular and satellite networks with a cloud interface.

• PayFi Integration: Enables fast, secure token-based payments.

Security, Privacy, and Encryption

• End-to-End Encryption: Protects data with secure tunnels.

• Multi-Operator Access: Enhances reliability through automatic network switching.

• Intrusion Detection and Firewall: Provides real-time protection against cyber threats.

Technology Architecture

• Decentralized Infrastructure (DePIN): Distributed nodes ensure high availability and fault tolerance.

• Multi-Operator Access: Connects to over 200 operators for optimal network selection.

• Blockchain Integration: Uses smart contracts for asset management and payments.

• Decentralized Identity (DID): Assigns secure, personalized identities to devices.

Roadmap

• Q3 2024: Project launch, eSIM service, and Telegram Mini App.

• Q4 2024: Gamification, airdrop campaign, and co-branded eSIMs.

• Q1 2025: Xtella.AI launch and All Win Auction.

• Q2 2025: dNFT premint and XPIN PowerLink launch.

• Q3 2025: dNFT mint, staking mechanism, and up to 6x mining rewards.

• Q4 2025: XPIN PowerLink subscription platform, VIP services, and channel expansion.

• Q1 2026: XPIN BOX presale and B2B integrations.

• Q2 2026: XPIN Mini Base Station launch and community governance.

XPIN Network Tokenomics

The $XPIN token underpins the platform, with a total supply of 100 billion produced over 10 years, halving annually.

• Distribution: Marketing and Airdrop (12%), Public Sale (2%), Ecosystem Incentives (40%), Strategic Partners and Backers (16%), Team and Advisors (20%), Foundation (8%), Liquidity (2%).

• Use Cases: Mining rewards, AI agent interactions, node staking, product discounts, PayFi payments, and community governance.

XPIN Network Partners

XPIN Network collaborates with leading platforms like BNB Chain, OKX, Bitget, Bybit, Gate, IoTeX, CoinMarketCap, UXLink, and Trust Wallet to strengthen its ecosystem and expand global reach.

XPIN Network Team

Founded in 2024 in Singapore, XPIN Network is led by Founder and CEO Riva and Co-Founder and COO Roger Li, driving an innovative vision for decentralized communication.

Official Links

• Website
• X (Twitter)
• Whitepaper

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Rising Market Tensions

On Wednesday, data showed that Bitcoin briefly dipped to $112,565, marking its lowest point since August 3.

Ryan Lee, chief analyst at Bitget, said the decline reflects “rising nerves in the market.” According to Lee, the macroeconomic uncertainty surrounding Powell’s speech has triggered “fear spikes” among crypto traders. However, he noted that if the $112,000 support holds, it may not signal a reset but rather set the stage for the next leg of the bull run.

Inflation and Rate Cut Expectations

On August 12, the U.S. Consumer Price Index (CPI) showed a 2.7% year-over-year increase. While unchanged from June, the figure remains above the Fed’s 2% target.

Following this, expectations for a September rate cut decreased. According to CME Group’s FedWatch tool, the probability dropped to 82%, down from 94% a week earlier.

André Dragosch, Head of European Research at Bitwise, emphasized that potential Fed cuts in 2025 could be a major catalyst for the markets. He argued that lower rates would boost U.S. money supply and strongly support Bitcoin’s rally at least until the end of the year.

Corporations Keep Accumulating Bitcoin

Despite weaker sentiment among retail traders, institutional players continue to accumulate Bitcoin.

The number of entities holding Bitcoin has surged from 124 in early June to 297. This includes 169 public companies, 57 private firms, 44 investment funds, and 12 governments. Together, they now hold 3.67 million BTC — representing more than 17% of the total supply.

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US Debt and Money Supply Growth

US Representative Thomas Massie noted that the federal debt surpassed $37 trillion thanks to the One Big Beautiful Bill Act. US President Donald Trump signed the legislation on July 4, stating it could cut up to $1.6 trillion in federal spending.

Analysts suggest that growing budget deficits may prompt central banks to adopt looser policies like quantitative easing (large-scale bond purchases). This could inject liquidity into the financial system, creating a favorable environment for Bitcoin.

Bitcoin’s Growth Potential

Ryan Lee, chief analyst at Bitget crypto exchange, highlights that US debt rose from $26.7 trillion in 2020 to $37 trillion over five years—a 38% increase—while Bitcoin gained 925% during the same period. According to Lee, as debt grows, the likelihood of BTC reaching new all-time highs also increases.

Moreover, the US government might consider Bitcoin as a tool to manage its debt, potentially boosting BTC’s value in correlation with global money supply and inflation.

M2 Money Supply and Inflation Effects on Bitcoin Price

Debt servicing could drive a rise in the global M2 money supply, acting as a new catalyst for Bitcoin price. Jamie Coutts, chief crypto analyst at Real Vision, estimates that this could push BTC above $132,000 by the end of 2025.

Arthur Hayes, co-founder of BitMEX, adds that if the US Federal Reserve returns to QE and inflation pressures rise, BTC could climb as high as $250,000.

These developments indicate that rising inflation and expanding money supply could serve as significant bullish catalysts for Bitcoin.

This content is not financial advice. Markets carry high risk, and it’s essential to conduct your own research before making investment decisions.

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Corporations Are Accumulating ETH

Thanks to Ethereum’s 10 years of uninterrupted uptime and its smart contract infrastructure, it has laid the foundation for revolutionary developments like decentralized finance (DeFi) and tokenization. This has significantly increased large companies’ interest in Ether.

According to data, the five corporate entities holding the most Ether are as follows:

1. BitMine Immersion Technologies – 625,000 ETH

A publicly traded Bitcoin mining company, BitMine currently holds the most Ether. This amount accounts for 0.52% of ETH’s circulating supply. The company had previously announced plans to acquire up to 5% of ETH’s supply. Recently, it also revealed a $1 billion stock buyback program.

2. Sharplink – 438,190 ETH

Listed on Nasdaq, Sharplink defines ETH as its “primary treasury asset.” Between July 21 and last Sunday, the company acquired $290 million worth of ETH at an average price of $3,756.

3. Bit Digital – 100,603 ETH

Bit Digital, which shifted from Bitcoin to Ethereum, announced on July 7 that it had raised $172 million through a new stock issuance and converted its balance sheet to Ether.

4. BTCS Inc. – 70,028 ETH

An Ethereum node validator, BTCS recently sold $10 million in convertible notes. In 2025 alone, it has raised a total of $207 million in capital.

5. GameSquare Holdings – 12,913 ETH

Media and tech firm GameSquare stated it holds this amount as part of a broader $250 million crypto treasury strategy.

Wall Street’s Growing Interest in Ethereum

According to Bitget CEO Gracy Chen, institutional investors now view Ethereum, much like Bitcoin, as the next-generation reserve asset. Especially with the increasing vision of asset tokenization on the blockchain, Ethereum appears to have a strong market advantage.

As Chen explains:

“Ethereum is expected to capture a large share of the asset tokenization market. That’s why Ethereum is becoming the next strategic treasury asset for institutional investors.”

A new report by Standard Chartered also supports this view. The report states that since June, crypto treasury firms have acquired more than 1% of Ethereum’s circulating supply. In the same period, Bitcoin-focused firms have lagged behind.

In the long term, it is suggested that Ethereum-focused companies could hold up to 10% of the total ETH supply. This trend is fueled by opportunities such as staking and programmable returns through DeFi.

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Yielding Crypto Asset Era with BGUSD

What is BGUSD?

Where Does the Return Come From?

Transparency and Reserve Assurance

Neither Stablecoin Nor Security

Yielding Stablecoins Explode

The post Bitget Yielding Stablecoin | BGUSD appeared first on Coin Engineer.

Growing Synergy Between TradFi And Crypto

“There’s a strong bridge forming between traditional investments and the crypto sector,” said Chen. “Investors demand flexibility, and products that span both realms are highly attractive.” While some see TradFi as a safety net, Bitget views it as a launchpad for mass adoption.

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That synergy is exemplified by Kraken, which last week introduced access to 11,000 U.S.-listed stocks and ETFs — a bold move toward TradFi after the S&P 500 saw a $5 trillion drop over just two days in early April.

Bitcoin and Ethereum Now Bridging Into Traditional Markets

Brian Armstrong, CEO of Coinbase, echoed this transition. On a recent earnings call, he emphasized their goal of “modernizing the global financial system” and “bringing more of the world’s GDP onto crypto rails.”

A Coinbase spokesperson added, “There’s an inherently symbiotic relationship between digital and traditional assets.” As regulatory clarity and institutional adoption grow, more global economic activity will flow into crypto.

While blockchain provides speed and transparency, TradFi offers trust, scale, and compliance. The convergence is inevitable and already well underway.

Even platforms like eToro and Robinhood now offer access to Bitcoin, ETH, and other digital assets, reflecting this paradigm shift in finance.

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On Sunday, April 13, the OM token plunged over 90% from around $6.30 to below $0.50, sparking widespread market manipulation allegations among investors.

Low Liquidity and Suspicious Wallet Movements

Chen explained on Cointelegraph’s Chainreaction show that such crashes stem from high concentration of token holdings, opaque governance, and massive exchange inflows/outflows, especially during low-liquidity hours on weekends.

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Data from Lookonchain shows that 17 wallets, including at least two connected to Mantra investor Laser Digital, transferred 43.6 million OM tokens (worth ~$227 million) to centralized exchanges just before the crash — fueling insider dumping suspicions.

Mantra CEO Responds

Mantra CEO John Mullin denied that the token sales came from the team, attributing the crash to forced liquidations on centralized exchanges, possibly OKX, but confirmed the team was still investigating the full details.

Chen added that the on-chain data provided “a very strong signal of insider dumping,” with millions of tokens sent to exchanges in a short time frame.

Even Bitcoin (BTC) has seen similar weekend-driven volatility, with a sharp drop under $75,000 on April 6, attributed to weekend de-risking activity amid global tensions.

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Bybit Rebuilds Its Reserves!

Before the attack, Bybit held 439,000 ETH in reserves, which dropped to just 61,000 ETH. However, the exchange has made a significant recovery, increasing its reserves to 201,600 ETH in a short period.

According to crypto analytics platform Lookonchain, Bybit purchased 106,498 ETH worth $295 million through OTC (over-the-counter) trades.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Additionally, major crypto exchanges stepped in to support Bybit with emergency transfers:

• Binance sent 50,000 ETH
• Bitget transferred 40,000 ETH
• HTX Group co-founder Du Jun contributed 10,000 ETH

User Confidence Remains Strong!

Despite the attack, Bybit processed over 350,000 withdrawal requests within 10 hours, successfully completing 99.9% of them. This demonstrated the exchange’s operational stability and continued user trust.

Hacken, an independent reserve auditor, confirmed that Bybit still holds more reserves than its liabilities. “Today’s attack was a major hit, but user funds remain fully protected,” the firm stated, highlighting Bybit’s financial strength.

Was the Bybit Hack Linked to North Korea?

Blockchain security researchers believe the attack was carried out by Lazarus Group, a North Korea-linked hacking organization. The group was previously responsible for the $600 million Ronin Network hack.

Reports suggest the attack exploited a vulnerability in Bybit’s multi-signature Ethereum cold wallet. A malicious smart contract manipulated the exchange’s signing authorities, allowing hackers to seize control of the funds.

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The FSA has targeted five exchanges, including Dubai-based Bybit Fintech, Singapore-based MEXC Global, LBank Exchange, Seychelles-based KuCoin, and Singapore-based Bitget. On February 6, Apple removed these apps from the App Store, preventing Japanese users from downloading them.

Japan’s Cautious Approach to Crypto

Japan has adopted one of the most cautious stances towards cryptocurrencies among Asian markets. While Hong Kong has approved the first spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs), Japanese regulators remain wary of the volatility and risks associated with crypto ETFs.

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The FSA’s action should not be seen as a crackdown on retail crypto investment. Anndy Lian told Cointelegraph, “This isn’t about shutting down crypto investing. It’s about saying, ‘If you want to operate in our market, you must play by our rules.'”

New Tax Reform and Investor Protection

This regulatory move comes after the announcement of a new tax reform for 2025, which will treat crypto assets like traditional financial assets.

Lian emphasized that Japan’s regulatory approach is not an attack on crypto but a measure for investor protection and accountability. He pointed out that after the Mt. Gox hack in 2014, which caused massive losses, Japan has focused on tightening regulations to prevent such incidents. The Mt. Gox collapse resulted in a loss of $9.4 billion for over 127,000 investors.

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