Workflow
ASTR
icon
Search documents
Crypto Market Today: OG, ASTR Surge as Bitcoin Defends $112K
Yahoo Financeยท 2025-09-23 12:23
Market Overview - The crypto market has shown signs of recovery, with Bitcoin (BTC) maintaining support at $112,000, although it remains below its 50-day simple moving average, indicating potential near-term price weakness [1] - The CoinDesk 20 Index increased by over 1%, reflecting a broader market uptrend, with notable gains in decentralized AI operating system Og AI's OG token, which rose over 50%, and Avalanche's AVAX, which increased by 10% [1] Token Launch and Performance - Og AI launched its native token alongside the Aristotle mainnet on September 18, transitioning to a fully operational AI-focused layer-1 blockchain, with community rewards being a key part of its launch strategy [2] - The OG token's market cap reached $1.23 billion, with a daily trading volume of $3.3 billion, following a 54% rise in the past 24 hours [2] - The tokenomics include a total supply of 1 billion tokens, with 21.3% unlocked immediately, aimed at balancing short- and long-term incentives [2] Investment and Funding - 0G Labs raised over $350 million prior to or during the launch, including a $40 million seed round and a $250 million token purchase commitment, with key investors such as Hack VC and OKX Ventures [2] - The project achieved rapid listings on major exchanges like Kraken and Binance, enhancing liquidity and visibility early in its lifecycle [2] Futures and Options Market - Global notional futures open interest has decreased to $102 billion from a previous high of $110 billion, following significant liquidations of over-leveraged positions [2] - In the CME-listed BTC futures market, open interest has stalled, while options open interest has increased to 52.84K BTC, the highest level since April [3] - Ether's futures and options open interest are near record highs, indicating strong market activity [3]