Bitcoin

Bitget announces listing of TonUP on Launchpad

Victoria, Seychelles, December 15th, 2023, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced it will list the initial exchange offering (IEO) of the high-potential blockchain project TonUP on its Bitget Launchpad platform. TonUP is an outstanding Launchpad running on the TON blockchain dedicated to discovering and fostering projects that present new opportunities…

Victoria, Seychelles, December 15th, 2023, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced it will list the initial exchange offering (IEO) of the high-potential blockchain project TonUP on its Bitget Launchpad platform.

TonUP is an outstanding Launchpad running on the TON blockchain dedicated to discovering and fostering projects that present new opportunities to the community. Since launching, TonUP has received support from the TON Foundation, TONcoin.Fund, and ForesightX. TonUP’s mission is to support assets with great potential on TON and contribute to the ecosystem’s development.

During the commitment period, users can commit Bitget’s native token BGB to participate in the TonUP IEO. The BGB swap price will be announced after the holding calculation period ends. Upon closing the commitment window, TonUP tokens will be allocated to each user based on their committed BGB.

Gracy Chen, Managing Director of Bitget, highlighted the company’s commitment to supporting development across various blockchains and ecosystems, stating,

“This project demonstrates TON’s innovative potential and the support it offers, aligning with our dedication to providing users access to cutting-edge opportunities. Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. The platform aims to provide valuable investment opportunities by diversifying its offerings.”

To participate in the TonUP launch on Bitget Launchpad, users can visit this link for more details. Bitget remains dedicated to advancing support for promising blockchain sector development.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

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Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure. The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier. Tariffs and other market conditions weigh on investor sentiment. Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins…

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
Tariffs and other market conditions weigh on investor sentiment.

Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

XCN price performance

The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

Overall market outlook

Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

Dow was down more than 900 points.

On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

Peter Schiff said via a post on X:

“I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”