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TokenInsight released the BGB rating report, assigning it a grade of A

ChainCatcher news, TokenInsight has released a rating report on the Bitget platform token BGB (Bitget Token). The report shows that BGB has been rated as A, with a rating outlook of "stable," reflecting its comprehensive performance in technical architecture, security mechanisms, token models, and ecological construction.The report points out that BGB, as the core token of the Bitget ecosystem, currently covers exchange business and Web3 application scenarios, playing a role in various sectors such as fee discounts, airdrop participation, and Launchpad. Starting from the end of 2024, Bitget has initiated a token burn mechanism, with the amount burned linked to on-chain Gas consumption. Relevant data can be publicly verified on-chain, providing transparent assurance for the token deflation model.On the security front, Bitget publishes reserve proof monthly and has a protection fund with a current scale exceeding $600 million. Meanwhile, the BGB smart contract has passed the CertiK audit, with its security recognized.In addition, TokenInsight points out that Bitget has been continuously laying out the Web3 ecosystem in recent years, launching on-chain products Onchain and establishing localized communities in multiple global markets. Currently, BGB's market capitalization has exceeded $5.6 billion, ranking 26th among global crypto assets on CoinMarketCap.

The cryptocurrency market has surged significantly across the board, with ETH leading the way at 20.81%, and BTC's market capitalization entering the top five global assets

ChainCatcher message indicates that, according to SoSoValue data, the entire encrypted market has seen a significant rise, with a general increase of about 5% to 20% over the past 24 hours. Among them, Ethereum (ETH) leads with a rise of 20.81%, surpassing $2200. Bitcoin (BTC) has increased by 5.29% in 24 hours, briefly breaking through $104,000, returning to the $100,000 mark after three months, and its market capitalization has surpassed $2 trillion, ranking fifth in global asset market value, ahead of Amazon.Meanwhile, MAG7.ssi rose by 9.23%, DEFI.ssi rose by 15.26%, and MEME.ssi rose by 15.07%.Other notable sectors include: the Meme sector rose by 15.57% in 24 hours, with OFFICIAL TRUMP (TRUMP) and Pepe (PEPE) rising by 22.97% and 31.38%, respectively; the AI sector rose by 15.49%, with Bittensor (TAO), Worldcoin (WLD), and Virtuals Protocol (VIRTUAL) rising by 11.20%, 14.12%, and 47.81%, respectively; the DeFi sector rose by 13.57%, with Lido DAO (LDO), Ethena (ENA), and Uniswap (UNI) rising by 20.45%, 24.36%, and 25.32%, respectively; the NFT sector rose by 12.82%, with Pudgy Penguins (PENGU) rising by 20.05%.In addition, the Layer2 sector rose by 11.63%, the Layer1 sector rose by 8.63%, and Cardano (ADA) rose by 12.27%; the PayFi sector rose by 7.85%, and the CeFi sector rose by 4.48%.The cryptocurrency sector indices reflecting historical market trends show that the ssiNFT, ssiAI, and ssiGameFi indices rose by 15.47%, 14.48%, and 14.09%, respectively, over the past 24 hours.
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