BingX Blog

Your go-to source for BingX stories, company news, and product updates.

USDC Meets Alibaba’s Ant Group—Here’s Why It Matters

Circle’s USDC stablecoin may soon get a major boost in global visibility—Ant Group, the fintech giant backed by Alibaba founder Jack Ma, has announced plans to integrate USDC into its proprietary blockchain, pending regulatory approval. If completed, this would link the world’s second-largest stablecoin to one of the most powerful digital payment networks in Asia. It’s a milestone moment for stablecoin adoption—and a sign of what’s to come. USDC as Part of a Trillion Dollar Ecosystem Ant Group’s international arm is building a blockchain platform designed to support a wide range of digital currencies, including tokenized assets, central bank digital currencies (CBDCs), and now, stablecoins like USDC. In 2024, Ant’s blockchain handled over $1 trillion in transactions, with about a third settled on-chain. Tapping into this network would give USDC exposure to a vast pool of merchants, institutions, and users across Asia and beyond. With Circle aiming to become the go-to digital dollar i
3 min

Could Ripple Really Replace SWIFT?

Ripple’s CEO Brad Garlinghouse made headlines by claiming that XRP could capture 14% of SWIFT’s global cross-border payment volume within five years. It’s a bold prediction—and a direct challenge to the world’s dominant financial messaging network. But is it realistic? And what exactly makes Ripple different from SWIFT?   How Does SWIFT Work? SWIFT is the backbone of today’s global payments system. When money moves internationally—whether for businesses or individuals—SWIFT facilitates the messaging between banks. But while it tells banks where and when to move money, it doesn’t actually settle the funds. Payments often take days, with multiple intermediaries involved, adding delays and fees.   Ripple’s Approach: Moving Money, Not Just Messages Ripple is aiming to do more than replace SWIFT’s messaging layer. Its platform, powered by the XRP token, combines both messaging and settlement, enabling near-instant cross-border transactions. Here’s the key difference: SWIFT: Messa
3 min

Is a Crypto Blue Chip ETF Possible? Here’s What It Would Take

The crypto ETF market is expanding fast, with a growing range of products offering exposure to Bitcoin, Ethereum, and even baskets of altcoins. But recently, there’s been buzz around a new question: Could we see a true “Crypto Blue Chip ETF”—and what does that even mean?   What Is a “Blue Chip” ETF Anyway? In traditional finance, “blue chip” refers to large, well-established companies with a history of stability, strong performance, and steady dividends—think Apple, Microsoft, or Coca-Cola. A blue-chip ETF typically tracks an index like the S&P 500 or Dow Jones Industrial Average, giving investors exposure to these reliable, market-leading firms. The key qualities of blue-chip investments are predictable growth, low volatility, and proven resilience through market cycles. Investors turn to these ETFs as anchors in their portfolios, expecting consistent returns and a relatively lower risk profile.   Why Crypto ETFs Don’t Quite Fit—Yet Today’s crypto ETFs look very differen
3 min

UAE Removed From the EU's High-Risk List, Boosting Investor Confidence

In a move that’s sending strong signals across the global financial markets, the European Union officially removed the United Arab Emirates (UAE) from its list of high-risk third countries. This decision marks a significant vote of confidence in the UAE’s financial ecosystem and compliance standards, particularly its efforts in combating money laundering and strengthening regulatory oversight. For the growing community of crypto investors in the UAE, this change is far more than a diplomatic or economic gesture. It represents a powerful step forward in legitimizing the country’s digital asset market on the global stage.   What is the EU’s High-Risk List and Why Does it Matter? The EU’s high-risk third country list includes jurisdictions that are considered to have strategic deficiencies in their anti-money laundering (AML) and counter-terrorist funding (CTF) frameworks. Being on the list often leads to enhanced due diligence requirements for transacti
4 min

Week #30: Cryptocurrencies with Recent Developments to Watch this Week

The market is moving higher this week, driven by improving sentiment and pivotal regulatory shifts. The passage of the GENIUS Act in the U.S. has delivered a clear positive signal to global markets—establishing a formal framework for stablecoin issuance and trading in the country. Institutional appetite is rising, altcoin rotations are picking up speed, and technical setups across the board look constructive. Here’s a snapshot of key movers:   Bonk (BONK): Leading Altcoin Momentum BONK has surged to ~$0.000033 over the last week, riding a wave of improving market sentiment and aggressive rotation into memecoins. The rally accelerated after BONK was added to Grayscale’s institutional watchlist, a milestone that added legitimacy to the Solana-based token. The GENIUS Act news further fueled upside, helping BONK decisively break multiple resistance levels. Traders are now watching $0.000035 as the next psychological target, while BONK continues to stand out as a volume and price leade
3 min

Why Japan's First Digital Bank Is Betting on Stablecoins (and Solana)

Japan’s financial landscape is changing – and Minna Bank is at the forefront. As the country’s first fully digital-only bank, Minna Bank is embracing stablecoins as part of its mission to redefine how modern banking works. In a newly announced initiative, Minna Bank has partnered with Fireblocks and Solana Japan to explore how stablecoins could unlock faster, cheaper, and more flexible financial services. Their focus? Real-world applications like cross-border payments, trading of tokenized assets, and seamless digital wallets.   Why Stablecoins – and Why Now? With stablecoins surpassing $250 billion in global market cap, they’ve evolved far beyond niche crypto use cases. Banks worldwide are now seeing their potential to modernize settlement infrastructure, simplify payments, and improve cross-border transactions. For Japan, this effort is especially notable. Traditionally conservative when it comes to banking innovation, Japan is now embracing Web3 co
3 min

Emirates Crypto Payments and Bitcoin's $123,000 ATH – A New Era for UAE Investors

The global cryptocurrency market has reached a defining moment. Bitcoin hit an all-time high (ATH) of $123,000, reinforcing its position as a leading digital asset. For the UAE, this surge couldn’t have come at a better time. As Emirates Airlines announced plans to explore crypto payment options, this marked not only a bold shift for the aviation industry but also a broader sign of the region’s accelerating adoption of blockchain and digital currencies. For years, the UAE has positioned itself as a forward thinking, innovation driven economy. Regulatory frameworks, strategic investments in blockchain infrastructure, and the incorporation of emerging technologies like AI and Web3 have made it a prime destination for fintech and crypto initiatives. With initiatives like Dubai’s Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Markets (ADGM) setting high standards for compliance and innovation, consumers now have more confidence than ever in exploring digi
3 min

Solana ETF Smashes Records – What Does This Signal for Altcoin Investing?

The rise of Solana ETF products in the U.S. is turning heads – and not just because of the numbers. With over $78 million in inflows in just a month and the first U.S. ETF offering staking rewards now live, Solana is quietly making history in the altcoin ETF race. It’s more than a milestone – crypto ETFs across the board have been experiencing record-breaking inflows, proving a remarkable shift in momentum for the products.   A First for U.S. Crypto ETFs The recently launched REX-Osprey SOL + Staking ETF (SSK) is the first ETF in the U.S. To offer both Solana price exposure and staking yield. This is a pretty big breakthrough – until now, U.S.-based crypto ETFs have largely focused on price tracking – think spot Bitcoin or Ethereum futures. Staking, with its yield-generating potential, was kept outside the wrapper. Now, that’s changed. And investors are paying attention. SSK has already drawn over $41 million in assets under management since its
3 min

Bitcoin ETFs Inflows Soar – Here's Why Institutions Are All In

If you’ve been wondering whether institutions are still buying Bitcoin – wonder no more. Bitcoin spot ETFs just last week posted their biggest single-day net inflow ever, raking in over $600 million in fresh capital in just one day. That’s not just impressive, it’s historic. The surge was led by major players like BlackRock’s IBIT and Fidelity’s FBTC, which continue to see growing demand from institutional and retail investors alike. According to recent data, ETF demand outpaced new Bitcoin supply by over 8x, which is a strong signal of long-term bullish sentiment.   What’s Fueling the Inflows? Several factors are driving the appetite for spot Bitcoin ETFs. For one, rare regulatory clarity in the U.S. Has made it easier for large institutions to add BTC exposure through familiar, compliant financial vehicles. ETFs offer a simple way to access Bitcoin without the added layers of crypto native platforms that could pose a challenge for organi
3 min

Week #29: Cryptocurrencies with Recent Developments to Watch This Week

The market continues to reflect the intersection of retail momentum, AI-powered innovation, and institutional adoption. Real-world partnerships, token sale milestones, and upcoming product launches are fueling selective rallies despite broader volatility. Here’s a breakdown of this week’s most notable digital assets:   Pump.fun (PUMP): Retail Mania and Tokenomics in Focus PUMP is trading at approximately $0.0048 on secondary platforms, following a lightning-fast $500 million token sale that priced 125 billion tokens at $0.004 each—implying a $4 billion fully diluted valuation. The entire public allocation sold out in just 12 minutes, underscoring strong retail appetite despite a backdrop of declining launchpad volumes on Pump.fun’s own platform. Tokens remain temporarily locked for up to 72 hours post-sale, curbing immediate liquidity while enthusiasm simmers. The project’s total tokenomics allocates 33% to the ICO, 20% to the team, and 24% to community and ecosystem incentives, r
4 min

AI Agents + Crypto = The Next Big Thing?

AI has been on everyone’s radar lately – from chat bots to video generators – but it’s not stopping at content creation or automation. The next frontier? AI-powered agents integrated with blockchain, and it’s already attracting serious attention across the Web3 space. Projects like Recall, Kite AI, and Anoma are at the center of this movement, blending intelligent software agents with on-chain tools. These aren’t just chatbots – they’re autonomous programs that can make decisions, interact with smart contracts, and even earn rewards through performance-based incentives. The crypto world is taking notice. Traders are flocking to these platforms as they roll out testnets, incentive programs, and airdrops, betting early on this next wave of innovation. But it’s not just about free tokens – it’s about where the space is heading as a whole.   So, What’s Actually Changing? Until recently, AI and crypto largely ran p
3 min

Big Bitcoin Buys: What Bitcoin Treasury Corp's TSX Listing Tells Us

When a company buys nearly 300 BTC and goes public at the same time, people take notice. That’s exactly what happened this week as Bitcoin Treasury Corporation officially listed on the TSC Venture Exchange in Canada, signaling another step forward in the long-term institutional adoption of Bitcoin. While the TSX Venture Exchange is typically a launchpad for early-stage companies, that face that a Bitcoin-holding firm chose to go public here – and hold BTC directly on its balance sheet – says a lot about where things are heading.   Why This Move Matters Bitcoin Treasury Corp isn’t offering a Bitcoin ETF. It’s not creating synthetic exposure. Instead, it’s directly buying and holding BTC as part of its business model – and making that position transparent to public investors. So far, the company has: Raised CA$125 million through multiple financing rounds Purchased 292.8 BTC for over CA$43 million Listed publicly to offer investors exposur
3 min