BingX Blog

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

Week #22: Cryptocurrencies with Recent Developments to Watch This Week

The cryptocurrency market has shown a mix of consolidation and growth this week, with select altcoins outperforming amid broader market stability. Investor sentiment remains cautiously optimistic, bolstered by institutional interest and strategic ecosystem developments. Notably, advancements in DeFi, ETF filings, and cross-chain integrations have spotlighted several projects. Jupiter (JUP): Gains Momentum on DeFi Expansion Plans JUP is currently trading at $0.6294, reflecting a 26.95% increase over the past week. The price surge follows the announcement of Jupiter Lend, a decentralized lending protocol set to launch this summer, which is poised to significantly enhance DeFi offerings on the Solana blockchain. Jupiter’s forward-looking roadmap positions it well for increased user engagement and liquidity inflows. If Jupiter Lend succeeds, it could further entrench JUP as a foundational token within Solana’s DeFi space. NEAR Protocol (NEAR): ETF Filing and Ecosystem Growth Drive Optimism
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Industry Experts Dive into the Future of AI and Web3 in Online Webinar

  A recent live-streamed webinar broadcasted simultaneously on YouTube and X (formerly Twitter)—brought together leading voices in AI and Web3 to explore the transformative convergence of these two cutting-edge technologies. With support from Cointelegraph, which also provided moderation during the panel discussion, the event delivered timely insights to a global audience tuning in across multiple platforms.The webinar featured a trio of keynote presentations from Vivien Lin, Kangning Liu, and Anndy Lian, each offering a distinct yet complementary perspective on the evolving digital landscape. Vivien kicked things off by highlighting how decentralized technologies are paving the way for a more transparent, user-controlled internet. She emphasized the growing potential of Web3 to support scalable, trust-enhanced applications powered by AI-driven logic. Following that, Kangning delivered a deep dive into the practical intersections of AI and Web3. He showcased use cases rangi
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Crypto Payments – A New Norm for the UAE Market

The United Arab Emirates (UAE) is solidifying its status as a global leader in cryptocurrency adoption, with crypto payments fast becoming a mainstream reality. Boasting a crypto ownership rate of 25.3%, the highest worldwide, per Triple-A’s 2024 report, the UAE is seamlessly integrating digital assets into daily life, from government services to retail. Recent advancements in artificial intelligence (AI) are accelerating this transformation, aligning with the UAE’s tech-forward vision and setting a benchmark for innovation-driven economic growth. Crypto Payments for Government Services In May 2025, Dubai’s Department of Finance (DOF) launched an initiative to accept cryptocurrency payments for government services, such as visa fees, licensing, and utilities, through the Dubai Pay platform. Announced at the Dubai FinTech Summit, this move supports Dubai’s Cashless Strategy, aiming for 90% cashless transactions by 2026. The DOF projects an annual economic impact of AED 8 billion ($2.2 b
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Beyond Passwords: Precautionary Measures Against Modern Physical Threats to Digital Security

Imagine securing your cryptocurrency with the latest in digital security, only to find that the real threat comes not from hackers, but from someone wielding a wrench. In the evolving world of digital assets, physical threats like kidnappings and home invasions have become alarmingly real. So, how can crypto enthusiasts protect themselves beyond just strong passwords and cold wallets? The Rise of Physical Attacks on Crypto Holders Recent incidents in France have highlighted a disturbing trend: criminals targeting crypto holders through physical means. High-profile cases include attempted kidnappings and even mutilations to coerce victims into transferring their digital assets. These attacks often exploit personal information leaked from data breaches or overshared on social media. The anonymity and portability of cryptocurrency make it an attractive target for such crimes. In response, many in the crypto community are taking proactive measures. Hiring personal security, varying daily
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Daily Crypto Deep Dive with BingX: May 23rd, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $110,885, up 5.68% from the recent level of $104,900 on May 20, after a strong rally past the $105,000 resistance. The price has set a new high, well above the 30-period moving average at $95,789.2 and the 60-period moving average at $89,456.1, confirming robust bullish momentum. The candlestick patterns show a series of large bullish candles with increasing volume, reflecting intense buying pressure. The RSI on the 4-hour chart is at 82.34, deep in overbought territory, while the MACD remains strongly bullish, though the extreme RSI suggests a potential short-term pullback. On the 1-day chart, Bitcoin’s broader trend is overwhelmingly bullish, with the price soaring from $58,846 in late 2024 to the current $110,885, solidifying its position above $100,000. The daily chart shows the price extending far beyond the upper boundary of a long-term ascend
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Long Swing Open Strategies: How to Spot and Ride Multi-Day Trends in Futures

Ever felt like the crypto market is a rollercoaster you can’t get off? While some traders chase every twist and turn, others have discovered a more strategic ride: swing trading. This approach doesn’t require constant screen-watching but still offers the thrill of the market’s ups and downs. So, how do savvy traders harness these multi-day trends in futures? Let’s dive in and uncover the secrets. The Art of Timing Swing trading is all about capturing the market’s short to medium-term movements. Instead of holding assets for months or flipping them within minutes, swing traders aim to ride the waves that last days or weeks. This strategy relies heavily on technical analysis—identifying trends, support and resistance levels, and using indicators like RSI and MACD. One of the beauties of swing trading is its flexibility. Traders can profit from both upward and downward movements, making it adaptable to various market conditions. However, it’s not a set-it-and-forget-it approach. Successfu
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The $5 Wrench Attack is Evolving: Real-World Threats and How to Stay Safe

You triple-check your cold storage, update your wallet firmware, and never click suspicious links. But what if the greatest threat to your crypto isn’t digital at all? What if it’s someone standing behind you, holding a wrench and demanding your seed phrase? The infamous “$5 wrench attack” has moved from meme to menace, and real-world incidents are showing that no one is immune, not even in broad daylight, not even in Paris. This isn’t a paranoid fantasy. In a recent case, masked attackers attempted to kidnap the daughter and grandson of a well-known French crypto CEO, aiming to extort wallet access through intimidation. Criminals are no longer waiting behind screens. They’re showing up at doorsteps, gym parking lots, and even homes. And if you’re flashing wealth online or dropping hints in casual conversations, you might be next. The $5 Wrench Is Getting Sharper Violent crypto-related robberies are on the rise globally. In Argentina, a man w
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Daily Crypto Deep Dive with BingX: May 20th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $103,133, down 0.51% from the recent level of $103,665 on May 16, after failing to break the resistance at $104,129. The price is currently testing support near $102,169, with the 30-period moving average at $93,456.2 and the 60-period moving average at $88,234.5 providing additional support below. The candlestick patterns show a mix of bullish and bearish action, with a recent bearish candle indicating profit-taking, accompanied by a slight decrease in volume. The RSI on the 4-hour chart is at 65.78, cooling from near-overbought levels, while the MACD remains bullish but with narrowing lines, suggesting a potential slowdown in upward momentum. On the 1-day chart, Bitcoin’s broader trend continues to be bullish, with the price having rallied from $58,846 in late 2024 to the current $103,133, holding above the $100,000 milestone. The daily chart show
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BingX AI Evolution Begins: A $300M Vision to Build the Future of AI-Powered Crypto

PANAMA CITY, May 20, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, is excited to announce a bold, incremental strategy BingX AI Evolution to mark its 7th anniversary. This is a transformative blueprint that places artificial intelligence at the core of its innovation and operational roadmap. As part of this strategic shift, BingX plans to invest $300 million over the next three years to accelerate AI integration across its platform and ecosystem. This milestone initiative underscores BingX’s mission to redefine crypto with AI, driving meaningful progress across the Web3 space by embedding AI into every aspect of user experience, exchange operations, and future industry collaboration. “We are thrilled to share this evolution as we celebrate our 7th anniversary. This is not just a product update — it’s a strategic reorientation,” said Vivien Lin, Chief Product Officer at BingX. “In the future, AI will become a defining engine of our ev
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Riding the Wave: A Beginner’s Guide to Using 1.5x–2x Leverage in Futures Trading

Ever felt like you’re paddling in the kiddie pool while others are surfing the big waves of crypto gains? What if you could catch a wave without the risk of a wipeout? Welcome to the world of 1.5x–2x leverage in futures trading—a strategy that lets you amplify your potential profits without needing a lifeguard on standby. It’s like adding a turbo boost to your trades, but with training wheels still attached. Low Leverage, High Interest In the ever-evolving crypto landscape, traders are increasingly gravitating towards low-leverage options. Most advocate for using 1.5x to 2x leverage to mitigate risks associated with market volatility. This approach allows traders to capitalize on market movements while maintaining a safety net against significant losses. Recent discussions emphasize the importance of setting stop-loss orders and take-profit targets to manage risk effectively. For instance, placing a stop-loss at 5-10% below your entry point can help minimize potential losses, while set
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Crypto Adoption in 2024: UAE and Saudi Arabia Lead the Global Charge

The cryptocurrency landscape is evolving at an unprecedented pace, transforming from a niche market into a cornerstone of global finance. According to Triple’s A latest report, The State of Cryptocurrency Ownership Worldwide in 2024, global crypto ownership has soared to 562 million people, representing 6.8% of the world’s population. This marks a remarkable 34% increase from 420 million in 2023, underscoring the growing mainstream adoption of digital currencies. This rapid adoption is particularly notable in the United Arab Emirates and Saudi Arabia, where enthusiasm for cryptocurrency is surging. Triple A’s report highlights that 562 million individuals worldwide now own cryptocurrencies, a testament to the increasing accessibility and appeal of digital assets. This 34% year-over-year growth reflects a confluence of factors driving adoption, including regulatory clarity and macroeconomic pressures such as inflation and currency devaluation. The UAE leads globally wi
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Daily Crypto Deep Dive with BingX: May 19th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $103,133, down 0.51% from the recent level of $103,665 on May 16, after failing to break the resistance at $104,129. The price is currently testing support near $102,169, with the 30-period moving average at $93,456.2 and the 60-period moving average at $88,234.5 providing additional support below. The candlestick patterns show a mix of bullish and bearish action, with a recent bearish candle indicating profit-taking, accompanied by a slight decrease in volume. The RSI on the 4-hour chart is at 65.78, cooling from near-overbought levels, while the MACD remains bullish but with narrowing lines, suggesting a potential slowdown in upward momentum. On the 1-day chart, Bitcoin’s broader trend continues to be bullish, with the price having rallied from $58,846 in late 2024 to the current $103,133, holding above the $100,000 milestone. The daily chart show
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