Latest Bitget Token (BGB) News Update

Deep Dive

1. Morph Partnership & 220M Burn (3 September 2025)

Overview: Bitget transferred 440M BGB (team-held tokens) to the Morph Foundation, with 220M burned instantly and the rest locked (2% monthly unlocks). BGB now powers gas fees and governance on Morph, a consumer-focused Ethereum L2 backed by Dragonfly and Pantera. The burn reduces total supply to 919M (from ~1.14B) and introduces dynamic burns tied to Morph’s on-chain activity.
What this means: Bullish for BGB – reduced supply meets expanded utility as a cross-chain asset. However, monthly unlocks (4.4M BGB starting October 2025) could introduce gradual sell pressure. (X)

2. Chainlink Proof of Reserve (20 August 2025)

Overview: Bitget integrated Chainlink’s PoR to verify 1:1 backing of BGBTC (wrapped Bitcoin) via Ethereum. The system uses decentralized oracles to audit reserves in real time, addressing post-FTX transparency concerns.
What this means: Neutral for price but strengthens institutional appeal. Trustless verification reduces counterparty risk for DeFi protocols using BGBTC, indirectly supporting BGB’s ecosystem credibility. (Bitget)

3. Whales Accumulate Post-Burn (13 August 2025)

Overview: Three wallets withdrew over $1M in BGB from Bitget in August, coinciding with the platform’s 860M BGB burn since January 2025 (43% of supply). Circulating supply now stands at 696M.
What this means: Bullish – reduced liquidity and whale accumulation signal long-term confidence. However, BGB’s 90-day price gain (+4.01%) lags behind 60-day (+12.03%), suggesting consolidation after earlier rallies. (CoinMarketCap)

Conclusion

BGB’s pivot to L2 infrastructure and aggressive burns position it as a hybrid CEX-chain utility token, though unlock schedules and market sentiment will test momentum. Will Morph’s adoption outpace monthly token releases?

Deep Dive

1. @bitgetglobal: Long-term $100 targets? 🔥 Bullish

"BGB Buzz: $6, then $36, maybe even $100? With 860M tokens burned and Bitget booming"
– @bitgetglobal (2.1M followers · 18K impressions · 2025-07-18 06:25 UTC)
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What this means: This is bullish for BGB because Bitget's official channel is framing recent burns (5% supply reduction in H1 2025) as precursors to exponential growth, though these targets depend on sustained platform growth.

2. Community Analyst: Passive income powerhouse 💰 Bullish

"BGB delivered 247% APR from price gains + 49% APR staking rewards in July"
– CoinMarketCap post (3.2K views · 2025-07-24 18:36 UTC)
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What this means: This is bullish as BGB's dual value proposition (capital appreciation + yield) is outperforming BNB and OKB in CEX token comparisons, with Launchpool APRs consistently above 80%.

3. Bitget Team: $138M Q2 burn executed 🔥 Bullish

"30M BGB ($138M) burned in Q2 via new on-chain utility model"
– Official announcement (2025-07-09 19:00 UTC)
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What this means: This is bullish because the burn mechanism now ties directly to chain activity (1,058 BGB used for gas), creating organic deflation alongside scheduled burns.

4. Veteran Investor: ATH resistance looms 🚧 Bearish

"Still 45% below December 2024's $8.50 peak despite 860M burned"
– CoinMarketCap analysis (1.1K views · 2025-08-09 12:45 UTC)
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What this means: This is bearish because it highlights stagnant price action relative to supply cuts, suggesting market skepticism about Bitget's ability to replicate Binance's BNB success curve.

Conclusion

The consensus on BGB is cautiously bullish, with supply shocks and yield opportunities offset by post-ATH recovery doubts. Watch the Q3 burn figures (expected October 2025) and staking participation rates – currently 23% of circulating supply locked in yield products – for confirmation of the scarcity narrative.

Deep Dive

1. Morph Partnership & Burn Upgrade (3 Sep 2025)

Overview: BGB’s role expanded as the gas and governance token for Morph, a consumer-focused Layer 2 blockchain.

The Bitget team transferred 440M BGB to Morph’s foundation, with 220M immediately burned and the rest locked (2% released monthly for ecosystem growth). The burn mechanism now dynamically adjusts based on Morph’s on-chain activity, aiming to reduce BGB’s total supply to 100M over time.

What this means: This is bullish for BGB because it deepens utility beyond Bitget’s ecosystem, linking scarcity to Morph’s adoption. Reduced supply + cross-chain utility could drive demand.
(Source)

2. Q2 2025 Burn Execution (10 July 2025)

Overview: 30,001,053 BGB ($138M) were burned in Q2 2025, removing 2.56% of circulating supply.

The burn formula combines on-chain gas fees (1,058 BGB used) and a fixed deflationary rate. Total supply dropped to 1.14B, with burns continuing until 100M remains.

What this means: This is neutral for BGB short-term (expected quarterly event) but reinforces long-term scarcity. Burns align with platform usage, incentivizing hodling.
(Source)

3. On-Chain Burn Mechanism (8 Apr 2025)

Overview: Bitget overhauled BGB’s burn model to reflect real on-chain utility.

Burns now derive from BGB used for gas fees in Bitget Wallet’s GetGas service. Q1 2025 saw 6,943.63 BGB burned via this mechanism, supplemented by fixed burns.

What this means: This is bullish for BGB because burns are no longer arbitrary—they scale with actual network usage, creating organic deflation.
(Source)

Conclusion

BGB’s codebase shifts focus from exchange-centric utility to multi-chain scarcity, anchored by Morph integration and verifiable burns. With 43% of supply already eliminated, will accelerating adoption on Morph catalyze BGB’s next leg up?

Deep Dive

1. Morph Partnership Activation (Q4 2025)

Overview:
Per the strategic partnership announced September 3, 2025:
- 220M BGB (from Bitget’s team holdings) will be burned immediately.
- Remaining 220M BGB locked, with 2% (~4.4M monthly) released for ecosystem incentives.
- BGB replaces Morph’s native token for gas fees and governance, linking burns to network usage.

What this means:
Bullish: Expands BGB’s utility beyond exchange perks into L2 infrastructure, potentially increasing demand as Morph grows. Bearish: Success depends on Morph’s adoption – if chain activity lags, burn rate could underperform.

2. Q3 2025 Token Burn (September 2025)

Overview:
Bitget’s Q2 2025 burn removed 30M BGB ($138M). The Q3 burn is expected to follow the same formula:
Burn amount = (BGB used for gas fees) × 1000 ÷ (Avg. BGB price + 1000) + 30M
With BGB’s price at $4.81 (as of September 5), a similar burn could reduce supply by ~30M tokens.

What this means:
Neutral: Burns are now routine, but larger burns require increased on-chain activity (via Morph) to amplify deflation.

3. PayFi Integration (Late 2025)

Overview:
Bitget plans to integrate BGB into PayFi, allowing holders to spend tokens on travel, dining, and retail via Bitget Card (price prediction analysis). This follows partnerships with payment providers to bridge crypto-fiat liquidity.

What this means:
Bullish: Real-world utility could attract non-traders, diversifying demand. Risk: Regulatory hurdles or poor merchant adoption might limit impact.

Conclusion

BGB’s roadmap prioritizes scarcity (via burns) and utility (Morph/PayFi), mirroring successful exchange token playbooks. While short-term price catalysts depend on Q3 burns, long-term value hinges on Morph’s growth and PayFi adoption.

Will BGB’s pivot to infrastructure and payments unlock sustained demand beyond exchange loyalists?