Crypto Market Today: OG, ASTR Surge as Bitcoin Defends $112K

2 hours ago

The crypto marketplace regained poise successful the past 24 hours, with marketplace person bitcoin (BTC) defending enactment astatine $112,000. The starring cryptocurrency, however, continued to commercialized beneath it's 50-day elemental moving average, hinting astatine near-term terms weakness.

The broader marketplace followed bitcoin's lead, arsenic the CoinDesk 20 Index roseate implicit 1%. Decentralized AI operating strategy Og AI's (Zero Gravity) OG token roseate implicit 50% and Avalanche's AVAX roseate 10%.

Other notable winners were MNT, ASTR, CRO, NEAR and XLM.

Token Talk

By Oliver Knight

  • The 0G (Zero Gravity) issued its autochthonal token alongside the rollout of the Aristotle mainnet connected Sep. 18, marking its modulation from testnet to a live, afloat operational AI-focused layer-1 blockchain.
  • 0G made assemblage rewards a salient portion of its motorboat strategy: aboriginal contributors, progressive participants successful assemblage campaigns, Discord users, holders of definite NFTs (e.g. the One Gravity collection), and different grassroots actors were eligible for airdrops.
  • The project’s modular architecture, combining information availability, storage, compute, and a dedicated concatenation for AI inference, coupled with integrations & partnerships has bolstered hype and contributed to 0G's 54% emergence of the past 24 hours.
  • It presently has a marketplace headdress of $1.23 cardinal with regular trading measurement hitting $3.3 billion, according to CoinMarketCap.
  • The tokenomics are structured to equilibrium short- and semipermanent incentives. With a full proviso of 1 cardinal tokens, with 21.3% is unlocked immediately.
  • 0G Labs raised implicit $350 cardinal earlier oregon during launch, including a effect circular ($40 million) and a ample token acquisition committedness ($250 million), with further superior from node sales.
  • Key investors see Hack VC, OKX Ventures, Delphi Ventures, Samsung Next, and Animoca Brands.
  • Right aft its launch, 0G achieved accelerated listings connected large exchanges, including Kraken and Binance, helping make liquidity, visibility, and trading measurement aboriginal successful its lifecycle.

Derivatives Positioning

by Omkar Godbole

  • Global notional futures unfastened involvement has dropped to $102 cardinal from past week's precocious of $110 billion, arsenic Monday's monolithic liquidations cleared implicit leveraged bets.
  • AVAX, MNT, NEAR and XMR person bucked the broader marketplace inclination with notable gains successful unfastened interest. AVAX’s 25% surge successful unfastened involvement confirms the bullish momentum down the cryptocurrency’s terms rally.
  • Open involvement successful ASTR, the autochthonal token of Hyperliquid rival Aster, has surged to $12.63 million—the highest level since January. In caller months, Hyperliquid has ceded marketplace stock successful on-chain perpetuals to rising challengers Aster and Lighter.
  • XRP, BNB, ADA, LINK and Binance-listed 1000SHIB perpetual futures proceed to spot antagonistic backing rates, indicating a dominance of bearish abbreviated positions. It suggests scope for a "short squeeze" higher successful lawsuit the marketplace shows renewed resilience.
  • The maturation successful the CME-listed BTC futures OI has stalled portion options OI accrued to 52.84K BTC, the highest since April. In ether's case, some futures and options OI hovers adjacent grounds highs.
  • On Deribit, BTC and ETH enactment skews successful short-dated and near-dated options person eased arsenic traders chased bullish BTC telephone options. On the OTC table Paradigm, artifact flows featured BTC calendar spreads and penning of Solana enactment options.

Token Talk

By Oliver Knight

  • The 0G (Zero Gravity) issued its autochthonal token alongside the rollout of the Aristotle mainnet connected Sep. 18, marking its modulation from testnet to a live, afloat operational AI-focused layer-1 blockchain.
  • 0G made assemblage rewards a salient portion of its motorboat strategy: aboriginal contributors, progressive participants successful assemblage campaigns, Discord users, holders of definite NFTs (e.g. the One Gravity collection), and different grassroots actors were eligible for airdrops.
  • The project’s modular architecture, combining information availability, storage, compute, and a dedicated concatenation for AI inference, coupled with integrations & partnerships has bolstered hype and contributed to 0G's 54% emergence of the past 24 hours.
  • It presently has a marketplace headdress of $1.23 cardinal with regular trading measurement hitting $3.3 billion, according to CoinMarketCap.
  • The tokenomics are structured to equilibrium short- and semipermanent incentives. With a full proviso of 1 cardinal tokens, with 21.3% is unlocked immediately.
  • 0G Labs raised implicit $350 cardinal earlier oregon during launch, including a effect circular ($40 million) and a ample token acquisition committedness ($250 million), with further superior from node sales.
  • Key investors see Hack VC, OKX Ventures, Delphi Ventures, Samsung Next, and Animoca Brands.
  • Right aft its launch, 0G achieved accelerated listings connected large exchanges, including Kraken and Binance, helping make liquidity, visibility, and trading measurement aboriginal successful its lifecycle.

Derivatives Positioning

by Omkar Godbole

  • Global notional futures unfastened involvement has dropped to $102 cardinal from past week's precocious of $110 billion, arsenic Monday's monolithic liquidations cleared implicit leveraged bets.
  • AVAX, MNT, NEAR and XMR person bucked the broader marketplace inclination with notable gains successful unfastened interest. AVAX’s 25% surge successful unfastened involvement confirms the bullish momentum down the cryptocurrency’s terms rally.
  • Open involvement successful ASTR, the autochthonal token of Hyperliquid rival Aster, has surged to $12.63 million—the highest level since January. In caller months, Hyperliquid has ceded marketplace stock successful on-chain perpetuals to rising challengers Aster and Lighter.
  • XRP, BNB, ADA, LINK and Binance-listed 1000SHIB perpetual futures proceed to spot antagonistic backing rates, indicating a dominance of bearish abbreviated positions. It suggests scope for a "short squeeze" higher successful lawsuit the marketplace shows renewed resilience.
  • The maturation successful the CME-listed BTC futures OI has stalled portion options OI accrued to 52.84K BTC, the highest since April. In ether's case, some futures and options OI hovers adjacent grounds highs.
  • On Deribit, BTC and ETH enactment skews successful short-dated and near-dated options person eased arsenic traders chased bullish BTC telephone options. On the OTC table Paradigm, artifact flows featured BTC calendar spreads and penning of Solana enactment options.

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