BingX Blog

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Week #21: Cryptocurrencies to Watch This Week

The cryptocurrency market has shown mixed signals this week, marked by a slight pullback across major assets despite continued innovation in blockchain ecosystems. Ongoing institutional involvement and technological integrations remain central themes. In focus this week are four top 100 cryptocurrencies making headlines due to partnerships, protocol upgrades, and ecosystem expansion. Sui (SUI): Focused on Cross-Chain Growth Sui is currently trading at $3.71, having dropped 3.4% over the past week. This decline comes amid broader market softness, though Sui’s ecosystem continues to expand. Most notably, Sui announced its new integration with exchanges providing increased analytical insights and educational reach for users engaging with the Sui ecosystem. Additionally, Sui’s collaboration with Bitlayer to develop a BitVM bridge is a strong step toward Bitcoin interoperability, allowing Sui users to potentially access Bitcoin-native liquidity. While price action remains subdued, these dev
3 min

Sonic Blockchain’s Future: Speed, Innovation, and a New Era in DeFi?

Is the blockchain world ready for a new speedster? Imagine a platform so fast and efficient that it could redefine the very fabric of decentralized finance. Enter Sonic Blockchain, the latest evolution from the team behind Fantom. With promises of lightning-fast transactions and groundbreaking innovations, Sonic is poised to make waves in the crypto ocean. But is it all smooth sailing, or are there hidden icebergs ahead? Sonic’s Legal Victory: A Turning Point In a significant development for both the average DeFi user and multiple L1 chains, Sonic Labs secured a legal victory against the Multichain Foundation. The Singapore High Court ruled in favor of Sonic Labs, appointing KPMG as liquidators to oversee the bankruptcy proceedings of Multichain. This move aims to recover funds lost during a 2023 hack that resulted in over $210 million in losses across multiple chains, including Fantom and Ethereum. Sonic Labs’ proactive legal approach not only seeks restitution but also sets a precede
3 min

Daily Crypto Deep Dive with BingX: May 16th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $103,665, up 1.58% from recent levels after climbing from a low of $101,500 earlier in the period. The price has broken above the resistance at $102,169 and is approaching the previous high of $104,129, supported by the 30-period moving average at $92,789.6 and the 60-period moving average at $87,789.9. The candlestick patterns indicate renewed buying pressure, with a series of bullish candles driving the move, backed by a moderate increase in volume. The RSI on the 4-hour chart is at 68.23, nearing overbought territory, while the MACD shows a bullish crossover, supporting the upward momentum in the short term. On the 1-day chart, Bitcoin’s broader trend remains strongly bullish, with the price rising from $58,846 in late 2024 to the current $103,665, maintaining its position above the $100,000 mark. The daily chart shows the price trading near the
3 min

Sui: Why Investors Are Paying Attention to This New Blockchain Project

What if the next major blockchain challenger didn’t come from Ethereum or Solana, but from a relatively new name like Sui? It boasts sub-second transaction finality, skyrocketing total value locked, and increasing institutional attention. But how much of this momentum is real, and how much is hype? In a market littered with flashy promises and vaporware, Sui is making a serious case for long-term relevance. Let’s peel back the layers of this promising project and see what’s fueling the excitement and whether there are any cracks in its sleek surface. Sui’s Fundamentals: Speed, Scale, and Simplicity Sui, developed by Mysten Labs, is a Layer 1 blockchain built to solve some of the most persistent headaches in crypto. Its unique architecture uses object-centric data models and parallel transaction processing, allowing it to execute thousands of transactions per second with sub-second finality. This makes it attractive not only for financial applications but also for gaming, social, and NF
4 min

Daily Crypto Deep Dive with BingX: May 15th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $102,009, down 2.12% from recent levels after reaching a high of $104,129 earlier in the period. The price has pulled back to test support near $101,500, which aligns with the 30-period moving average at $93,123.4, while the 60-period moving average sits at $88,012.3. The candlestick patterns reflect increased selling pressure, with a series of bearish candles following the peak, though volume has decreased, suggesting a potential slowdown in the downtrend. The RSI on the 4-hour chart is at 55.67, indicating neutral momentum, while the MACD shows a bearish crossover, pointing to possible further downside in the short term. On the 1-day chart, Bitcoin’s broader trend remains bullish despite the recent correction, with the price having risen from $58,846 in late 2024 to a peak of $104,129 before dropping to $102,009. The daily chart shows the price ho
3 min

How did Institutional Investments Propel Bitcoin Beyond $100K?

Is Bitcoin’s recent surge past $100,000 a fleeting moment or the dawn of a new financial epoch? On May 8, 2025, Bitcoin soared to $101,370, marking its highest point since February. This rally wasn’t just a stroke of luck; it was fueled by a confluence of factors, including a promising U.S.-U.K. trade agreement and a notable decrease in inflation to 2.3%, the lowest since early 2021. These developments have reignited investor confidence, propelling Bitcoin into uncharted territory. Let’s better understand how U.S. Equities and optimism over progression in U.S.-China trade talks has given us some positive influence on the evolving role of Bitcoin in the global financial ecosystem. Institutional Influx: The New Crypto Vanguard Institutional investors are no longer on the sidelines. With Saylor still busy trying to buy more BTC, institutions are at the forefront of Bitcoin’s momentum. In the past three weeks alone, spot Bitcoin ETFs have attracted $5.3 billion in inflows, signaling
3 min

Week #20: Cryptocurrencies with Recent Developments to Watch This Week

The cryptocurrency market continues to tread water with a cautiously optimistic tone as Bitcoin consolidates and investor attention shifts to altcoins. While high-fliers like Ethereum and Aave have captured headlines with outsized gains, a few other assets that haven’t surged yet may hold the most upside as potential late bloomers. This week, we explore several of these under-the-radar performers that could be next in line for a breakout. Chainlink (LINK): Powering Traditional Finance’s Leap into Web3 Chainlink is currently trading at $17.07, reflecting a weekly increase of approximately 2.9%. This modest uptick follows the announcement of its expanded collaboration with SWIFT, the global financial messaging network. The partnership aims to enhance cross-chain interoperability, enabling seamless interactions between traditional financial systems and various blockchain networks. By facilitating tokenized asset transfers across different chains, Chainlink positions itself as a critical i
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Stablecoins Outpace Visa, Driving UAE & KSA's Crypto Growth

In 2024, stablecoin transaction volume reached $27.6 trillion globally, surpassing Visa’s $13 trillion payment volume by 7.7%, outpacing Visa and Mastercard combined. For the UAE and KSA, driving MENA’s crypto surge with 12% annual transaction growth, this milestone underscores stablecoin’s dominance in digital finance. Crypto users, familiar with trading but looking for cash-out options, can capitalize on this trend in regulated markets, leveraging stablecoins like USDT, USDC, and the UAE’s AED pegged AE Coin for remittances and decentralized finance (DeFi). Stablecoin Redefines Transactions Stablecoins processed $15.6-$27.6 trillion in 2024, fueled by low-cost, instant transfers on high-speed blockchains like Solana and Ethereum. In the UAE, stablecoins account for 51% of crypto transactions, with $9.8 billion in exchange inflows, a 55% rise from 2023. KSA’s retail adoption, aligned with Vision 2030’s diversification goals, sees stablecoins powerin
5 min

Daily Crypto Deep Dive with BingX: May 12th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX     The 4-hour chart for BTC/USD shows Bitcoin trading at $104,129, reflecting a continued upward move of 1.92% from recent levels. The price has extended its rally beyond the previous high of $102,169, breaking through the $103,000 resistance and setting a new high at $104,129. This move is well above the 30-period moving average at $92,345.1 and the 60-period moving average at $87,456.8, confirming strong bullish momentum. The candlestick patterns show a series of bullish candles with increasing volume, indicating sustained buying pressure. However, the RSI on the 4-hour chart is at 75.32, deep in overbought territory, and the MACD, while still bullish, is showing signs of flattening, suggesting a potential short-term pullback. On the 1-day chart, Bitcoin’s broader trend remains strongly bullish, with the price soaring from $58,846 in late 2024 to the current $104,129, so
4 min

Crypto Curious? A Beginner’s Guide to Navigating Digital Assets Safely

Ever wondered if Bitcoin is the new gold or just digital fool’s gold? With cryptocurrencies making headlines and fortunes, it’s hard not to be intrigued. But before you dive into the crypto pool, it’s essential to understand the waters. After all, you wouldn’t jump into a pool without checking its depth, right? Cryptocurrency has been the talk of the town, with Bitcoin recently nearing the $100,000 mark. The U.S. government’s establishment of a Strategic Bitcoin Reserve indicates a significant shift towards embracing digital assets. Let’s dive in and get your crypto journey started. Understanding the Basics: What Is Cryptocurrency? Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies, it operates on decentralized networks based on blockchain technology. This means transactions are recorded on a public ledger, ensuring transparency and reducing the risk of fraud. Bitcoin and Ether
4 min

Smarter DeFi Discovery: How ChainSpot Uses AI to Unlock Tomorrow’s Tokens Today​

Have you ever felt like everyone else discovers the next 100x token while you are still fumbling around with yesterday’s news? What if you could level the playing field and have smarter tools on your side? Imagine finding tomorrow’s DeFi stars before the hype kicks in, without drowning in whitepapers, Telegram groups, and sketchy Twitter threads. Sounds like science fiction, right? Enter ChainSpot, BingX’s new CeDeFi solution that not only makes on-chain trading easy but uses AI to spotlight the best DeFi opportunities before they explode. ChainSpot uses intelligent AI filtering to help users discover high-quality DeFi projects early, a major leap forward at a time when “DYOR” often feels like a full-time job. AI-Powered Token Discovery ChainSpot is not just another pretty trading interface. Behind the scenes, it uses artificial intelligence to scan, analyze, and filter blockchain projects based on liquidity, trading volume, user adoption metrics, and network activity. This means users
4 min

CeDeFi Reinvented: How ChainSpot Combines Security, Speed, and On-Chain Access

If you’ve ever tried to buy a token on a DEX, you’ve probably asked yourself, “Why does this feel like playing crypto roulette?” Between confusing slippage settings, obscure gas fees, and the looming risk of sending funds into the abyss, DeFi trading can feel more like a survival game than an investment strategy. But what if all that changed—without sacrificing the freedom DeFi offers? ChainSpot, the latest innovation from BingX, is rewriting the CeDeFi playbook by combining real on-chain access with the safety and convenience of a centralized platform. Let’s break down why it matters. ChainSpot Launches as a CeDeFi Powerhouse BingX introduced ChainSpot as a bold move into the CeDeFi space. It’s designed for traders who want the benefits of decentralized assets, but not the drama that comes with them. Through ChainSpot, users can directly trade DEX-listed tokens using their BingX spot account balance. No external wallets or crypto bridges are required. This rollout is already shaking u
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