Announcement: I’m Proud to Lead BingX Labs to Support Promising Crypto Projects
I’m thrilled to announce the launch of BingX Labs! As the Chief Product Officer of BingX, I’m passionate about discovering high-potential projects and helping them launch. At BingX Labs, we’re committed to providing a range of services, including incubation, technical support, and strategic consulting, to ensure robust support for project development. Our team will act as consultants for external clients, leveraging our extensive experience and technical prowess to help them achieve their strategic goals efficiently.
Leading BingX Labs, I aim to offer comprehensive resources and expertise to help new ventures thrive. We’re managing the exchange’s product innovation while driving the strategic direction and support for promising blockchain projects. Our mission is to bring quality Web3 projects to a supportive and knowledgeable community. With BingX’s diverse user base and market insights, we can support Web3 projects by providing them with global exposure. We’re dedicated to using our resources to help these projects succeed and to offer quality assets to our users, which is a valuable resource in the current market.
BingX Labs is particularly interested in collaborating with projects that exhibit strong marketing, user acquisition potential, and innovative technical solutions. We’re open to working with successful and experienced Web3 teams and supporting industry-leading projects that demonstrate significant potential and market traction. We’re committed to supporting projects from their early stages and helping them succeed in the capital market. This reflects our strategic initiatives to enhance our platform and broaden our service offerings.
The creation of BingX Labs is a testament to our commitment to innovation and growth in the blockchain space. By fostering a supportive community and maintaining a user-centric approach, we aim to enhance the overall user experience and bring quality projects to our platform. This initiative is a key part of our broader strategy to position BingX as a leader in the crypto space, offering unparalleled opportunities for both users and project developers.
Full details can be found here.
New Product Highlight: BingX Perpetual Contract Market Officially Launched on TradingView To Take Your Trading to the Next Level
This integration ensures that all your favorite trading pairs are readily available, allowing you to focus on making informed trading decisions. TradingView is renowned for its comprehensive analytical tools, social networking features, and mobile app capabilities. By connecting your BingX account with TradingView, you gain access to a robust suite of charting functions, real-time data, and a vibrant community of traders and investors. This integration not only enhances your trading experience but also provides you with the insights needed to capitalize on market trends.
The BingX and TradingView integration is designed to cater to both novice and professional traders. Whether you are looking to refine your trading strategies or stay ahead of market movements, the combined features of BingX and TradingView provide a powerful platform to achieve your goals. As BingX continues to innovate and expand our offerings, it invites traders from around the world to join its community and experience the convenience and efficiency of trading perpetuals on TradingView.
Full details can be found here.
Bitcoin Faces Selling Pressure
Investors faced yet another wave of liquidations last Monday as Bitcoin tried to climb to $70,000. This correction was tied to increased volatility, triggered by news that the US government was transferring BTC from Silk Road. Ethereum’s price is facing a slightly better recovery as it climbs above the $3,300 support level. While Bitcoin found support at $66,000, Bitcoin’s price is approaching a point where a push above $73,000 is necessary to maintain support. There is, however, a possible drop towards $60,000 is also in the cards. In general, sentiment for crypto is relatively high currently following the Bitcoin conference, which allowed many global thought leaders to proclaim their plans to embrace digital currencies.
Overall, the outlook for Bitcoin in the medium to long term is slightly bearish. To look from a technical perspective, Bitcoin has recently fallen below the lower boundary of its rising trend channel in the medium to long term, suggesting a slowing upward momentum. Currently, it is trading within a rectangle pattern, with support around $54,000 and resistance above $69,000. A decisive breakthrough in either of these levels could signal the currency’s next direction. Furthermore, Bitcoin is nearing resistance at $71,000, if it can maintain strength, which might trigger a negative response. However, if it breaks above $71,000, it would be a positive signal.
Ethereum, on the other hand, is maintaining a slow and steady price increase, hovering above $3,300, with some expecting a breakout following the ETF approval. Bitcoin’s price surged by 92% over 50 days after ETF outflows ceased. Similarly, a decrease in ETF outflows could boost investor optimism and sentiment for Ethereum, potentially leading to a price recovery. If we look at the current trendline, it is similar to a previous break out of about 25% in July. The Relative Strength Index (RSI) is at 61, indicating bullish momentum. With these conditions considered, ETH is considered bullish.
Article Highlight
BingX was voted number one in Be In Crypto’s Top Most Safe Crypto Exchanges article! The prestigious outlet highlighted our withdrawal protection, insurance coverage, and fund safety. Check out the full story here.
About Me
I’m very excited to share my interview with Cointelegraph. From social trading to comprehensive educational resources, BingX aims to make crypto trading accessible and secure for everyone. Read more about that here.
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
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