BB (BounceBit) has pumped 19.50% in the last 24 hours.

Gate News Bot news, July 16th, according to CoinMarketCap data, as of the time of publication, BB (BounceBit) is currently reported at $0.11, rising 19.50% within 24 hours, reaching a high of $0.12 and a low of $0.09. The current market capitalization is approximately $779,000, an increase of $127,000 compared to yesterday.

BounceBit is a CeDeFi infrastructure project dedicated to providing high-yield products, re-staking use cases, integration of physical assets (RWA), and CeDeFi as a service, making high-yield opportunities accessible to everyone. The BounceBit chain is a PoS Layer 1 supported by dual tokens BTC and $BB, leveraging Bitcoin's security and fully compatible with EVM. By designing liquidity custody tokens (LCTs) and collaborating with CEFFU, users can earn actual interest from CeFi and utilize LCTs for re-staking and on-chain DeFi farming.

Important news about BB recently:

1️⃣ BounceBit expands tokenized asset business BounceBit announced the tokenization of Boya Interactive stocks (HKEX code: 0434), which is an important step in expanding the range of tokenized assets. This move will allow the BounceBit platform to introduce tokenized stocks from the Hong Kong stock market, providing users with more diversified investment options.

2️⃣ High growth potential stocks added to the platform Boya Interactive's stock price recently broke through its historical high, with a rise of 12 times since 2024, demonstrating significant growth potential. BounceBit's decision to include such high-growth stocks in its tokenized asset pool may attract more investor attention and participation.

3️⃣ Connect with Bitcoin holders Boya Interactive, as the second largest corporate holder of Bitcoin in Asia, will have its stocks tokenized and available for spot trading and on-chain integration on the BounceBit platform. This initiative may attract the interest of Bitcoin investors and cryptocurrency enthusiasts, further expanding BounceBit's user base.

BounceBit demonstrates its innovation capabilities and market expansion strategy in the CeDeFi field by introducing high-growth, cryptocurrency-related tokenized assets. These initiatives could be important factors driving the recent rise in BB token prices.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.