Crypto.com CEO Kris Marszalek has called for a regulatory review of crypto exchanges following an unprecedented $20 billion in market liquidations within just 24 hours.
In a post on X (formerly Twitter) on Saturday, Marszalek urged authorities to “conduct a thorough review of fairness of practices,” questioning whether trading platforms had malfunctioned or failed to uphold compliance during the sell-off.
“Regulators should look into the exchanges that had most liquidations in the last 24 hours,” Marszalek wrote. “Any of them slowing down to a halt, effectively not allowing people to trade? Were all trades priced correctly and in line with indexes?”
Data from CoinGlass shows that Hyperliquid led the market with $10.31 billion in liquidations, followed by Bybit with $4.65 billion and Binance with $2.41 billion. Other platforms including OKX, HTX, and Gate reported smaller figures of $1.21 billion, $362.5 million, and $264.5 million, respectively.
Binance faces backlash after user losses
The wave of forced liquidations came alongside a separate issue at Binance, where several tokens—including Ethena’s USDe, BNSOL, and WBETH—experienced a price depeg, triggering unexpected losses for some traders.
Binance said it is reviewing affected accounts and will offer “appropriate compensation measures” where platform errors are confirmed.
One trader claimed that the exchange mistakenly closed a short position while keeping a long open, resulting in total losses. The user argued the issue was unrelated to Binance’s auto-deleveraging system and noted that similar trades on other platforms had not been affected.
Binance co-founder Yi He publicly apologized, acknowledging the “significant market fluctuations and a substantial influx of users.” She confirmed that Binance will compensate users for losses caused by confirmed technical errors but clarified that “losses resulting from market fluctuations and unrealized profits are not eligible.”
Crypto market wipeout surpasses historical crashes
According to data compiled by crypto analyst Quinten François, the recent $19.31 billion in liquidations surpassed previous market downturns by a wide margin. For comparison, the COVID-19 crash saw $1.2 billion in liquidations, while the FTX collapse led to $1.6 billion—making the latest event more than ten times larger than any prior wipeout.
Trump’s tariffs spark fresh market volatility
The timing of the crash coincided with U.S. President Donald Trump’s announcement of new economic measures, including 100% tariffs on all Chinese imports beginning November 1.
The move was a response to China’s recent restrictions on rare earth mineral exports, which are essential to global manufacturing and technology sectors. Beijing stated that any product containing more than 0.1% Chinese rare earth content will require an export license starting December 1.
Trump denounced the policy as “a moral disgrace” and suggested he might cancel a planned meeting with Chinese President Xi Jinping at the APEC summit.
The combination of geopolitical tension, unprecedented liquidations, and technical issues across major exchanges has reignited concerns about the stability and transparency of the cryptocurrency market—raising pressure on regulators to ensure fair trading practices in a rapidly evolving landscape.
Milan, Italy, October 2nd, 2025, Chainwire
Codego Group recently disclosed that its Whitelabel Device Program is now open for business. The program lets crypto projects give away branded devices that give out daily rewards in their own tokens. The move takes tokens out of exchanges and wallets and puts them into homes and everyday life.
From In-House Devices to Whitelabel Expansion
Codego first introduced CDG Home and CDG Power Home devices. The main aspects to know about these products is:
- the connection to a decentralized GPU network, and
- the possibility to generate daily revenue in tokens.
Going a bit deeper, the team explained that, under the Whitelabel Device Program, rewards will be distributed in USDC through Codego’s app. The model has proven simple and effective: a device in the home that provides consistent daily payouts.
The new program extends this framework to other projects. Partners can now release their own branded versions, with the same technology delivering rewards in their tokens.
A New Layer of Utility for the Token Economy
It is the team’s opinion that tokens existing only on exchanges risk fading from relevance. Tokens delivered daily through a tangible device gain visibility, trust, and persistence. Regular payouts create habits, strengthen loyalty, and give tokens staying power.
Another important thing to mention is that projects can gain new channels for adoption. Also, users see tokens tied to consistent rewards, and not as abstract speculation entities. For partners, the model opens additional revenue streams through device sales and recurring margins.
Strategy, Influence, and Power
The team working at Codego has a clear long-term view for the project and the whole crypto community. For instance, here are three key features to consider:
- Home devices help the token’s brand and presence stand out.
- Daily rewards make people closer to the system. This strategy makes it less convenient for anyone to leave ecosystems.
- Also, a token given out by a real system has the potential of gaining credibility on the market. This is because it’s possible to link real utility to a cryptocurrency. In other words, this system aims to go beyond mere speculation, and to enter the market with real, tangible value.
Codego Group is regulated as an Electronic Money Institution and already provides services such as Banking-as-a-Service, Cards-as-a-Service, and Device-as-a-Service.
The Whitelabel Device Program brings something new to the table, forcing crypto tokens from speculative devices to owning real-world utility. It builds a foundation where tokens integrate into daily life, offering relevance and stability in a volatile market.
About Codego
Codego Group builds the financial and blockchain infrastructure that businesses and people use. It offers services for payments, banking, and devices. The recent launch is a big step in the company’s overall roadmap. In fact, it potentially increases the adoption of crypto tokens in various sectors.
Partners receive USDC directly from Codego while distributing their own tokens to users through branded devices.
Codego gives projects tools that make them more resilient and relevant by putting tokens into everyday life. The project’s official website and the links listed below have more information on this growing initiative.
Contact
Simone Binotto Torre
banking@codegotech.com
Kingstown, Saint Vincent and the Grenadines, October 1st, 2025, Chainwire
SimpleFX has brought back its First Deposit Bonus, designed to reward traders as soon as they fund their account for the first time. Within minutes, new deposits receive additional capital — giving traders a head start to explore markets on the regulated, crypto-friendly SimpleFX platform.
Key Highlights
- Promotion period: September 24 – October 24, 2025
- Instant rewards credited within minutes of deposit confirmation
- Tiered bonus thresholds — higher deposits unlock bigger rewards
- Global access to 1,000+ assets with full regulatory oversight
First Deposit Bonus Details
The First Deposit Bonus (FDB) helps traders strengthen their initial trading position. Once a client makes their first deposit, the platform automatically credits a bonus amount within minutes. This additional balance can be used across different markets and trading strategies from the very start.
Eligibility
- New Clients: Eligible upon their first-ever deposit.
- Existing Clients: Eligible by opening an additional account in a different base currency, such as moving from USD to BTC.
Multiple Account Options
SimpleFX supports accounts in both fiat currencies (USD, EUR) and cryptocurrencies (BTC, ETH, and more). This flexibility allows traders to diversify across currencies, adapt to changing markets, and apply the First Deposit Bonus to multiple account setups.
Bonus Caps
Platform Advantages
- Crypto-Friendly: Deposits and withdrawals available via cryptocurrencies, plus staking opportunities.
- Wide Asset Selection: More than 1,000 instruments, including forex, cryptocurrencies, CFD stocks, indices, metals, and commodities.
- Regulated and Secure: Authorized by the Financial Sector Conduct Authority (FSCA) and registered as a Crypto Asset Service Provider (CASP).
About SimpleFX
Founded in 2014, SimpleFX is an international online trading platform that offers access to global financial markets through an intuitive and crypto-friendly interface. The company provides traders with a wide range of instruments, including forex, cryptocurrencies, and CFDs on stocks, indices, and commodities. With a strong focus on transparency, regulation, and client fund protection, SimpleFX serves a diverse community of traders worldwide.
Contact
Support
support@simplefx.com
VILNIUS, Lithuania, October 1st, 2025, Chainwire
BTCC, the world’s longest-serving cryptocurrency exchange, announced today at TOKEN2049 Singapore its ambitious plan to triple its global workforce to 3,500 employees over the next six months. This marks a pivotal transformation in the company’s evolution from a traditional crypto exchange to a comprehensive Web3 platform.
The announcement comes at TOKEN2049 Singapore, Asia’s premier Web3 event taking place at the Marina Bay Sands Expo & Convention Centre from October 1-2, 2025. With thousands of attendees, exhibitors, and speakers converging at the event, BTCC chose this marquee industry gathering to unveil its most ambitious expansion to date.
Workforce Expansion to Build Web3 Infrastructure
At the heart of this expansion is a massive investment in technical talent. The aggressive expansion will see blockchain technology development teams grow to approximately 1,200 engineers (representing 35% of total headcount) focused on building next-generation Web3 infrastructure and integrating services across the decentralized ecosystem. The development initiatives span full-ecosystem wallets, mobile payments, artificial intelligence integration, and real-world asset (RWA) tokenization.
“We’re building the bridge between Web3 and everyday life,” said Alex Hung, Head of Operations at BTCC Exchange. “Our ultimate vision is to create a platform where users can seamlessly integrate BTCC into their daily lives – paying parking fees, buying coffee, or handling tuition payments through the BTCC app while earning rewards. This workforce expansion represents our commitment to making Web3 technology accessible and practical for mainstream adoption.”
Building Responsibly: 50+ Legal Professionals for Global Compliance
Alongside technical expansion, BTCC plans to grow its legal team to over 50 professionals to support global regulatory engagement. Beyond mere compliance, the exchange aims to actively participate in shaping regulatory frameworks worldwide, drawing on its 14 years of industry experience to contribute meaningful insights to Web3 policy development.
“Our expansion into global compliance and policy engagement is about helping shape the future of this industry responsibly and ensuring that innovation can thrive within clear, sensible frameworks,” added Alex.
Experience BTCC at TOKEN2049 and Beyond
For TOKEN2049 attendees eager to see this vision in action, BTCC is showcasing its brand at Booth PB4-46, featuring a basketball-themed installation celebrating the exchange’s partnership with global brand ambassador Jaren Jackson Jr.
Following the main conference, BTCC will host a Poolside Sync side event on Friday, October 3, bringing together community members and industry leaders for continued discussion. Registration is available here.
The workforce expansion reflects BTCC’s broader strategic roadmap to reimagine what cryptocurrency platforms can achieve. Aiming to deliver comprehensive financial services that blur the lines between traditional finance and decentralized technologies, BTCC is positioning itself as more than just an exchange—as essential Web3 infrastructure for the next generation of digital finance.
About BTCC
Founded in 2011, BTCC is a leading global cryptocurrency exchange serving over 10 million users across 100+ countries. Partnered with 2023 Defensive Player of the Year and 2x NBA All-Star Jaren Jackson Jr. as global brand ambassador, BTCC delivers secure, accessible crypto trading services with an unmatched user experience.
Official website: https://www.btcc.com/en-US
#BTCCexchange #BTCCToken2049
Contact
Aaryn Ling
press@btcc.com
Bitcoin’s price action has sparked fresh optimism among traders, with analysts pointing to two inverse head-and-shoulders (IH&S) formations on the weekly chart.
These patterns, typically bullish, suggest the possibility of a long-term rally that could propel BTC to $360,000.
The current price sits near $115,390.
Smaller Pattern Confirms Breakout
The first IH&S has been in play since November 2024.
Bitcoin broke above the neckline in July at $112,000, confirming the bullish structure.
The measured target for this pattern is around $170,000, implying a nearly 50% gain from current levels.
The rebound from $112,000 indicates that the formation remains intact.
Larger Supercycle Formation
The second IH&S pattern stretches back to March 2021.
Bitcoin crossed above its neckline near $73,000 in November 2024, shortly after the U.S. elections, pushing prices beyond $100,000.
A subsequent retest of $74,400 in April confirmed the breakout, strengthening confidence in the bullish projection.
If the pattern continues to unfold, analysts see Bitcoin climbing as high as $360,000, a 217% increase from present levels.
Analysts Call It “Supercycle Ignition”
Market analyst Merlijn The Trader described the setup as extraordinary.
“The Bitcoin inverse head and shoulders of dreams has now doubled,” he said in a Wednesday post.
“This isn’t a pattern. It’s the supercycle ignition.”
The sentiment underscores growing excitement that Bitcoin could be entering a historic phase of growth.
Short-Term Outlook Remains Bullish
On shorter timeframes, technical analysis also favors upside.
As reported by Cointelegraph, a similar formation on the four-hour chart suggests a near-term target of $120,000, provided BTC holds above $113,000.
This shorter rally would align with broader bullish momentum, giving traders confidence in further gains.
ETFs Fuel Institutional Demand
Institutional participation is also on the rise.
Spot Bitcoin ETFs recorded three straight days of inflows between Monday and Wednesday, totaling $1.15 billion.
The $752 million of inflows on Wednesday marked the strongest single-day figure since mid-July.
Analysts believe this renewed demand reflects growing confidence among institutions even as retail participation wanes.
Market intelligence firm Santiment commented on the surge, saying:
“Money is moving back into Bitcoin ETFs at a rapid rate as retailers impatiently drop out of crypto. Previous crypto rallies were boosted by inflow spikes like this.”
Path Toward Higher Targets
The combination of strong technical structures and institutional inflows provides a supportive backdrop for Bitcoin.
If momentum continues, the possibility of a parabolic rise toward $170,000, and eventually $360,000, cannot be dismissed.
For now, traders are closely watching the $113,000 support and ETF inflow trends as key signals of whether the “supercycle ignition” thesis will hold.
Singapore, Singapore, August 28th, 2025, Chainwire
DAR Open Network has announced the launch of DAR Quest System, a web3 quest and reward framework to unite games and gamers across the Dalarnia Open Network ecosystem. In addition, Dalarnia Legends has launched the Legends Circuit – a layered tournament with accessible entry for casual players and high-reward events for competitive gamers.
Set to go live on September 1, the DAR Quest System will enable players to compete for rewards and complete quests as they navigate an array of challenging web3 games. Its launch is accompanied by that of Dalarnia’s Legends Circuit, featuring daily tournaments that provide a pathway to participating in flagship tournaments culminating in 64 players making the annual Grand Masters Final.
The DAR Quest System is designed to reward regular players and to incentivize gamers to explore new titles available within the Dalarnia Open Network ecosystem. In the process, it will build bridges between existing DAR-based games, making it easier for players to discover new games and opportunities to earn tokens.
By completing daily, weekly, and seasonal quests, players can earn in-game currency (Moon Coins), Quest Points, and exclusive rewards. By collecting Quest Points, players can participate in a Play-2-Airdrop competition, with individual airdrops awarded dependent upon player performance, starting with a 100,000 D token reward pool for the first four-week season commencing September 1.
The DAR Quest System is open to all gamers within the Dalarnia Multiverse and includes unique seasonal quests for DAR Citizenship holders. Its skill- and engagement-based model is designed to reward players and incentivize active participation in web3 games and metaverse experiences. This will align in-game rewards with ecosystem growth, providing a fair and transparent system for player engagement, driving a thriving cross-game economy across DAR’s chain-agnostic gaming platform.
Manfred Pack, Project Lead at DAR Open Network, said: “With the DAR Quest System, we’re not just adding quests to games – we’re rethinking how rewards work in web3 gaming. By tying competition, fun, and community participation directly to token distribution, we’re building an ecosystem where players don’t just play – they shape the future of Dalarnia together. Instead of passive airdrops or pay-to-win mechanics, we’re rewarding skill and engagement across the Dalarnia Multiverse. It’s a model that brings sustainability and excitement to how rewards are earned.”
The D token reward pool features a flexible model that will be adjusted monthly based on community size and token value. This ensures a steady stream of rewards while establishing a sustainable, platform-wide D token airdrop system that seamlessly integrates across multiple Dalarnia Multiverse games.
DAR’s play-and-compete framework will move web3 gaming towards a sustainable model that combines token incentives with the intrinsic rewards to be obtained from playing immersive skill-based games. This will stimulate active engagement rather than passive holding, creating a robust native gaming economy and accelerating growth of the Dalarnia Open Network ecosystem.
About DAR Open Network
DAR Open Network is an AI-powered, chain-agnostic infrastructure providing web3 apps with shared technology, assets, and $D token utility at its core. Beyond governance, staking, and marketplaces, $D also powers in-game and platform utility, creating a foundation that connects developers and users across diverse applications. By providing the tools necessary for the creation, exchange, and utilization of digital assets, DAR Open Network aims to democratize app development, enhance user agency, and incentivize creative contributions.
Learn more: https://dalarnia.com/
Contact
Market Across
pr@makretacross.com
The stablecoin giant commits to issuing USD₮ on Bitcoin and Lightning in the near future, leveraging RGB technology.
Paolo Ardoino, CEO of Tether: “With RGB, USD₮ gains a powerful new pathway on Bitcoin.”
LUGANO, Switzerland, Aug. 28, 2025 /PRNewswire/ — Tether announced today its intention to issue USD₮ on RGB, a next-generation protocol for issuing and transacting digital assets on Bitcoin and the Lightning Network. The RGB Protocol Association welcomes the announcement as a strong signal for builders and institutions seeking private, scalable and user-controlled asset rails on the world’s most secure network.
RGB reached mainnet readiness earlier this year with the v0.11.1 release, enabling developers to issue and manage assets using client-side validation and Bitcoin as a commitment layer. This design keeps asset data off-chain while anchoring proofs to Bitcoin transactions – minimizing chain bloat, preserving privacy, and enabling Lightning compatibility.
“Bitcoin deserves a stablecoin that feels truly native, lightweight, private, and scalable,” said Paolo Ardoino, CEO of Tether. “With RGB, USD₮ gains a powerful new pathway on Bitcoin, reinforcing our belief in Bitcoin as the foundation of a freer financial future.“
With USD₮ on RGB, users and service providers will be able to:
- Hold and transfer USD₮ alongside bitcoin in the same wallet;
- Leverage private, client-validated transactions that don’t reveal balances or flows on-chain;
- Integrate with the Lightning Network to achieve instant settlement experiences, using RGB’s transport extensions.
Why it matters
RGB extends Bitcoin beyond a store of value, enabling stablecoins, tokenized assets, and programmable rights that inherit Bitcoin’s security model while keeping users in control. Adoption by major issuers like Tether can catalyze wallet support, merchant adoption, and cross-chain liquidity bridges without new L1 opcodes or consensus changes.
For developers & integrators
- Start here: technical docs and guides at rgb.info
- Run & build: reference implementations and libraries at github.com/rgb-protocol
- Ecosystem & membership: updates and membership at rgbprotocol.org
The Association invites wallets, exchanges, payment processors, and infrastructure providers to join working groups accelerating RGB20 (fungible assets) integrations, Lightning transports, and bridge connectors that expand USD₮ and other assets across Bitcoin-native rails.
About RGB Protocol Association
RGB Protocol Association is a Swiss non-profit committed to stewarding the development, standardization, and adoption of RGB – private & scalable digital contracts for Bitcoin and Lightning – through open collaboration with companies, researchers, and the broader free-software community. Learn more at rgbprotocol.org.
Official announcement:
https://tether.io/news/tether-to-launch-usdt-on-rgb-expanding-native-bitcoin-stablecoin-support/
Media & Partnerships
press@rgbprotocol.org
Resources: rgb.info | github.com/rgb-protocol
SOURCE RGB Protocol Association
DUBAI, UAE, Aug. 8, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced another chapter in Web3 infrastructure with the brand new Bybit Web3.
Returning from the hiatus in May this year when the restructuring commenced, Bybit Web3 is back and better on a mission to unlock access for millions of users worldwide. The new edition reimagines the on-chain experience with innovative offerings and a seamless user journey.
Barrier-Free Onchain Experience
The strategic upgrade adopts a fresh approach to on-chain trading integrating core DeFi functionalities and benefits into Bybit’s trading platform, removing the hassle of setting up and managing multiple Web3 wallets and gas tokens.
Achieving on-chain trading without complex setup and management of on-chain wallets and gas tokens, Bybit Web3 distills DeFi opportunities into one user-friendly interface. No external wallets, no gas tokens required—with only their Bybit UTA (Unified Trading Account) using USDT, USDC, SOL or bbSOL, users can explore on-chain trading and DeFi activities on Bybit Web3.
Bybit users can seamlessly navigate between the centralized exchange and Web3, directly trading the most sought-after on-chain assets include TUNA, PUMP, FRAG, Fartcoin, JLP, RAY, MOODENG, LetsBONK, TSLAx, MSTRx, SPYx, CRCLx and NVDAx on the Solana network.
Bybit Web3 Exclusive: Limited-Time Prize Pool
From now until September 7, 2025, eligible Bybit Web3 users can unlock a new prize pool of 200,000 USDT in two events:
- Task-Based Rewards: successful participants will earn Lucky Draw Tickets to unlock a 120,000 USDT prize pool; simple tasks include making the first Web3 trade in any amount.
- Performance-Based Competition: more confident Web3 traders can compete for top spots in the leaderboards by volume, for a chance to win up to 80,000 USDT.
Rewards are distributed on a first come, first served basis. Terms and conditions apply.
Bybit Web3 fuses the potential of Web3 and the convenience of the centralized experience, offering users the flexibility and support in an innovative model. With more features such as on-chain and off-chain arbitrage opportunities on the roadmap, getting ahead on-chain has never been easier.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
San Francisco, California, August 7th, 2025, Chainwire
Constellation Labs d/b/a Caldera, the leading provider of rollup infrastructure solutions, today announced a strategic partnership with EigenCloud to integrate EigenDA V2 into its rollup engine. This integration unlocks industry-leading data throughput capabilities of 100 MB/s for blockchain rollups, representing a significant leap forward in blockchain scalability and performance.
The partnership addresses one of the most critical challenges facing blockchain rollups today: efficient data availability. Rollups must post their transaction data to ensure the chain’s state can be verified and maintained. Traditionally, this data is posted directly to Ethereum’s Layer 1 (L1), which can be both expensive and limiting in terms of scalability.
By leveraging a dedicated Data Availability (DA) layer instead of relying solely on Ethereum L1, rollups can achieve significantly higher performance while reducing costs. This approach opens the door to unlimited use cases and enables blockchain applications to scale without compromising on security or decentralization.
“We’re incredibly excited to integrate EigenDA V2 into Caldera’s rollup engine, offering unmatched scale to our partner projects”, said Matthew Katz, CEO of Constellation Labs. “As an increasingly large set of companies come on-chain – including payment companies, fintechs, and banks – the ability to scale to new levels is absolutely paramount”.
EigenDA: Built for the Future of Blockchain Infrastructure
EigenDA represents a next-generation DA solution that draws inspiration from Danksharding while eliminating the need for independent consensus mechanisms. This innovative approach allows EigenDA to harness the decentralized trust inherent in the Ethereum network, backed by millions of dollars in restaked ETH to provide bulletproof economic security.
The solution offers several key advantages that set it apart in the competitive data availability landscape:
Guaranteed Bandwidth Through Reservations: EigenDA is the only DA solution to offer data reservations, ensuring that rollups receive guaranteed bandwidth at a fixed cost. This predictability is crucial for enterprise applications and high-throughput use cases that require consistent performance.
Proven Performance at Scale: The capabilities of EigenDA are not theoretical—they’ve been tested and proven in real-world conditions. The Eigen team successfully demonstrated the platform’s power by posting the live chain state of all Layer 1 and Layer 2 blockchains on EigenDA.
Seamless Integration Through Caldera’s Platform
The EigenDA V2 integration will be available as a one-click option within the Caldera dashboard for any new rollup deployment. This streamlined approach eliminates the technical complexity traditionally associated with integrating advanced data availability solutions, making cutting-edge performance accessible to developers regardless of their infrastructure expertise.
Existing Caldera chains may elect to switch to EigenDA V2. This flexibility ensures that all Caldera users can benefit from the partnership, whether they’re launching new projects or optimizing existing deployments.
About Caldera
Caldera is a leading provider of rollup infrastructure solutions, making it easy for developers and organizations to deploy and manage high-performance blockchain rollups. Based in San Francisco and operating as Constellation Labs dba Caldera, the company is committed to advancing blockchain scalability and accessibility through innovative infrastructure solutions.
For more information, users can visit Caldera’s
Official Website | X | Telegram | LinkedIn
Contact
CEO
Matthew Katz
Constellation Labs, d/b/a Caldera
matt@caldera.xyz
Victoria, Seychelles, August 6th, 2025, Chainwire
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of PROVEUSDT for futures trading, available from 6 August 2025. The new contract offers up to 75x leverage and is fully integrated with Bitget’s futures trading bots.
The PROVEUSDT futures contract is settled in USDT with a tick size of 0.0001. Traders can access round-the-clock trading, with funding fees settled every four hours. This listing provides users with enhanced opportunities to capitalize on market movements through leveraged exposure and automated strategies.
Bitget maintains a dynamic approach to risk controls. Depending on prevailing market conditions, key parameters such as tick size, maximum leverage, and maintenance margin rates may be adjusted accordingly to ensure a stable and secure trading environment.
The addition of PROVEUSDT follows the recent spot listing of the PROVE token, which powers the Succinct Prover Network—a decentralized marketplace for generating zero-knowledge proofs. With this futures listing, Bitget further expands access to emerging infrastructure projects and bolsters its offering of high-performance trading instruments.
For more details on Succinct, users can visit here.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP, one of the world’s most thrilling championships.
For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, users can contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Contact
Simran Alphonso
media@bitget.com