BingX Blog

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

Daily Crypto Deep Dive with BingX: May 9th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD shows Bitcoin trading at $102,169, reflecting a strong upward move of 6.29% from recent levels. The price has surged past the previous resistance at $97,956, reaching a new high of $102,169, supported by a breakout above the 30-period moving average at $91,543.2 and the 60-period moving average at $87,123.5. The candlestick patterns display consistent bullish momentum, with a series of strong bullish candles driving the rally, accompanied by a spike in volume, indicating robust buying interest. The RSI on the 4-hour chart is at 72.45, signaling overbought conditions, while the MACD shows a strong bullish trend, though the rapid ascent suggests a potential for a short-term pullback. On the 1-day chart, Bitcoin’s broader trend remains firmly bullish, with the price climbing from $58,846 in late 2024 to the current $102,169, confirming a breakout abov
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Introducing ChainSpot: Trade DeFi Tokens Without Leaving Your Centralized Exchange

Ever tried trading a new DeFi token and felt like you needed 3 different wallets, a degree in blockchain engineering, and nerves of steel? You’re not alone. The DeFi world promises innovation, but it often feels like a high-stakes treasure hunt where one wrong move can cost you. What if you could access decentralized assets without ever leaving your centralized exchange account? ChainSpot, the new CeDeFi solution by BingX, is turning heads by making that dream a reality. Is it a bridge, a revolution, or both? Let’s fine out together. The Latest Buzz: A New Era for Spot Trading BingX has officially launched ChainSpot, a CeDeFi trading solution that lets users buy and sell on-chain tokens directly from their BingX spot account. No external wallets needed. No bridge transfers required. No dozens of tabs just to swap one token. ChainSpot enables trading of DeFi tokens using your USDT balance, with gas fees automatically calculated and deducted. This matters because many DeFi t
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BingX Unveils ChainSpot: A CeDeFi Innovation for Simpler and Safer On-Chain Trading

PANAMA CITY, May 8, 2025 – BingX, a leading global cryptocurrency exchange, is proud to unveil ChainSpot, a pioneering CeDeFi (Centralized-Decentralized Finance) feature that empowers users to access decentralized tokens directly from their BingX accounts — without the need for external wallets or complex on-chain processes. As part of its 7th anniversary celebration, BingX becomes one of the first major exchanges to roll out such a hybrid product, signaling a bold leap forward in its product evolution. With the promise of “One Tap, All Chains”, ChainSpot introduces an effortless way to explore and trade on-chain assets while staying fully protected by BingX’s centralized infrastructure. As a CeDeFi innovation, it blends the best of both centralized and decentralized worlds — offering the ease and reliability of a centralized exchange with the openness and innovation of DeFi protocols. Key Benefits of ChainSpot Designed to make on-chain trading simpler and safer, Chai
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Why Are Crypto Prices Surging? The Must-Know Catalysts Fueling the 2025 Rally

What’s really behind Bitcoin’s recent surge past $96,000? Is this the start of a new bull market or just another head fake? In a world where meme coins skyrocket overnight and SEC policies shift like quicksand, understanding what’s really driving crypto prices has become more important than ever. With Bitcoin eyeing new all-time highs and Ethereum, Solana, and other altcoins following close behind, even skeptics are raising eyebrows. Get ready to decode the chaos, because this ride is anything but boring. Bitcoin’s April Rally and Institutional Fuel As of late April 2025, Bitcoin surged above $96,000 from the low $80,000, its highest in two months, catching the attention of institutions and retail investors alike. The recent upswing was largely triggered by favorable economic signals, such as softened inflation expectations in the US, paired with renewed interest from asset managers and hedge funds. The momentum has also been supported by the growing belief that the Federal Reserve ma
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Daily Crypto Deep Dive with BingX: May 7th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD shows Bitcoin trading at $96,899 as of May 7, 2025, marking an increase of 0.11% from recent levels. The price has surged from a low of $93,770 earlier in the period, breaking above the resistance near $95,000 and approaching the previous high of $97,956. The 30-period moving average at $89,632.9 and the 60-period moving average at $86,582.0 are well below the current price, supporting the short-term bullish momentum. The candlestick patterns indicate strong buying pressure, with a large bullish candle driving the recent breakout, though volume has slightly decreased, suggesting a potential slowdown in momentum. The RSI on the 4-hour chart is at 60.80, indicating a slightly overbought condition, while the MACD shows a bullish crossover, supporting the upward move.   On the 1-day chart, Bitcoin’s broader trend remains bullish, with the price cli
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Week #19: Cryptocurrencies with Recent Developments to Watch This Week

The crypto market is buzzing with fresh momentum this week as key developments across multiple projects spark renewed investor interest. From regulatory breakthroughs to major protocol upgrades and expanding institutional adoption, the digital asset space is seeing a wave of energy that’s hard to ignore. These shifts could signal the start of a new chapter in the evolution of decentralized finance and blockchain innovation. Litecoin (LTC): ETF Optimism Fuels Strong Price Rally As of publication, Litecoin (LTC) is trading at $134.42, marking a 7-day gain of approximately 4.1%. Litecoin has experienced a notable uptick in price, driven by renewed enthusiasm surrounding the potential approval of a Litecoin-based exchange-traded fund. The U.S. Securities and Exchange Commission recently accepted a rule change proposal for a spot Litecoin ETF, and the Depository Trust & Clearing Corporation registered the ticker “LTCC,” signaling preparatory steps toward ETF launch. This institutional m
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Daily Crypto Deep Dive with BingX: May 6th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD indicates Bitcoin trading at $94,249 as of May 6, 2025, showing a decline of 0.59% from recent levels. The price has pulled back from a high of $97,956 earlier in the period, testing support near $94,142, which aligns with the 30-period moving average at $88,953.2 and the 60-period moving average at $86,359.5. The candlestick patterns reflect increased selling pressure, with a series of bearish candles dominating the recent action. The RSI on the 4-hour chart sits at 56.67, suggesting neutral momentum, while the MACD shows a bearish crossover, indicating potential for further downside in the short term. On the 1-day chart, Bitcoin’s broader trend shows a significant rally from $58,846 in late 2024 to a peak of $97,956 in early May 2025, followed by the current correction. The price remains within a long-term ascending channel, with the recent drop
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Cashing Out Crypto: Off-Ramps in UAE & KSA's Regulated Markets

The Crypto industry has gained momentum in the last few years, with the Middle East and North Africa (MENA) rapidly establishing itself as the hub for cryptocurrency adoption, with the United Arab Emirates (UAE) and Saudi Arabia (KSA) at the forefront. With crypto transaction volume growing by 12% annually, and KSA and UAE leading global remittances, investors are increasingly focused on crypto off-ramps, converting digital assets into fiat currencies like AED (UAE) and SAR (KSA). In a region driven by progressive regulations and economic ambitions, experienced crypto users, especially those familiar with trading but understanding cash-out options, need clear insights into off-ramp methods, user trends, and regulatory frameworks for building growth in a dynamic landscape. What Are Crypto Off-Ramps? Crypto off-ramps enable users to convert cryptocurrencies, such as Bitcoin (BTC), or stablecoins like Tether (USDT), into fiat currency, typically deposited into bank accounts or received a
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Understanding World Liberty Financial USD1: A Stablecoin Revolution or a Centralized Power Play?

Imagine a stablecoin backed by a former U.S. president, aiming to redefine decentralized finance while stirring debates about centralization. Is USD1 the future of digital currency or a step back into centralized control? With World Liberty Financial’s USD1 making headlines, it’s time to delve into this intriguing development. USD1’s Global Ambitions and Regulatory Hurdles World Liberty Financial (WLF), associated with the Trump family, has launched USD1, a stablecoin pegged to the U.S. dollar. Its expansion into the European market is currently faceing challenges due to the European Union’s Markets in Crypto-Assets (MiCA) regulation, which imposes strict compliance requirements on stablecoins. To comply with MiCA, USD1 must hold a significant portion of its reserves in EU-regulated banks and adhere to transaction volume caps. These requirements aim to protect the euro’s dominance and ensure financial stability. Experts suggest that WLF might consider focusing on markets with more fav
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Stablecoins Surge: USDT, USDC, and the New Era of Dollar-Backed Digital Finance

Is the dollar’s next big chapter being written on the blockchain? With over $204 billion in circulation, stablecoins like Tether (USDT) and USD Coin (USDC) are no longer just crypto sidekicks—they’re becoming the main act. Recent moves by Circle, Tether, and PayPal signal a seismic shift in how digital dollars flow across borders, and it’s happening faster than your favorite meme coin can crash. Circle’s launch of the Circle Payments Network aims to streamline cross-border transactions, while Tether is expanding its compliance-focused solutions in the U.S. market. PayPal’s PYUSD stablecoin is also gaining traction, especially with Coinbase waiving transaction fees to boost adoption. It’s a stablecoin showdown, and the stakes are higher than ever. Let’s understand the dynamics and impact on how these stablecoins will change the near future. USDT vs. USDC: The Digital Dollar Duel USDT and USDC are the heavyweight champions of the stablecoin world, each with its own strengths. USDT,
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Policy Thaw and RWA Path Divergence – BingX Labs Update May 1st, 2025

Macro: Policy Conflict Eases and Institutional Resilience In the past two weeks, global markets have experienced significant volatility due to competitive policies and varying asset performance. A key factor in this situation stemmed from changes in U.S. economic policy: the Trump administration announced a suspension of new tariffs on China while keeping existing tariffs at 145%. This “compromise signal” increased investors’ risk appetite and eased earlier concerns about supply chain disruptions resulting from “reciprocal tariffs.” Consequently, U.S. core PCE inflation expectations declined by 1.1 percentage points, and GDP growth is projected to rebound by 0.8%. In this context, Bitcoin displayed remarkable resilience, reaching a price of $94,000 on April 23, with a weekly increase of 12.2%. The discussion is shifting from viewing Bitcoin primarily as an “anti-inflation hedge” to recognizing it as a “de-sovereignized reserve asset.&#822
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Growing Solana Marketcap in Comparison to Ethereum: Is there a new L1 King of Smart Contracts?

What if the king of smart contracts is not as untouchable as we thought? Could the future of decentralized applications belong to a new leader? With Solana’s market cap climbing faster than a squirrel on espresso, the question on every investor’s mind is clear: Is Solana about to dethrone Ethereum? Grab your popcorn because the Layer 1 battlefield is heating up and the stakes could not be higher. The Latest Numbers: Solana’s Breakneck Momentum Recently, Solana has been hitting all-time highs relative to Ethereum, making waves across the crypto space. As of late April 2025, Solana’s market cap has surged to approximately $90 billion, while Ethereum hovers around $370 billion, according to CoinMarketCap. While the gap remains significant, Solana’s year-over-year growth rate has sharply outpaced Ethereum’s, sparking serious discussions about whether the next crypto bull run could crown a new Layer 1 king. This sudden spike is largely fueled by Solana’s blistering transaction speeds and it
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