BingX Blog Update – 22/02
Hi team～There are 2 BingX Blog articles to share today ✍️
BingX Insights
1. Title: Does the Bitcoin Halving Always Affect the Price?
2. There are two types of blockchain ecosystems in the crypto industry: proof-of-work and proof-of-stake networks. The proof-of-work blockchain is one of the first generations of blockchain and usually relies on mining activity to validate transactions. Any blockchain operating on the proof-of-work mechanism undergoes what is called halving every four years.
This prestigious event is coming up in 2024 for Bitcoin, and there are already questions about what it will likely look like. In this article, you will get answers to your questions regarding Bitcoin halving, how it works, how it affects mining, and everything else.
https://blog.bingx.com/insights/bingx-insights/does-the-bitcoin-halving-always-affect-the-price/
Daily Blog✍️
1. Title: Circle Ceases USDC Support On TRON Blockchain As Part Of Risk Management Strategy
2. Brief Introduction:
(1) Stablecoin issuer Circle announced Wednesday that it will phase out support for USDC on the TRON network and has immediately ended USDC minting services on the blockchain.“As part of our risk management framework, Circle continually assesses the suitability of all blockchains where USDC is supported,” the company said in the statement, adding that the decision to cease support for TRON followed an “enterprise-wide approach” involving the business organization, compliance, and other functions.
(2) Bitcoin price rallied to a new 2024 high at $53,019 on Feb. 20, before abruptly selling off to $50,000 on some exchanges. Traders cite consistent spot BTC ETF inflows and the upcoming supply halving event as major factors behind the price move and at the time of publishing. Bitcoin futures open interest (OI) has hit a new yearly high, reaching levels last seen in Number 2021. This indicates increased trading activity around the largest cryptocurrency by market capitalization.
https://blog.bingx.com/bingx-daily/circle-ceases-usdc-support-on-tron-blockchain-as-part-of-risk-management-strategy/
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BingX Futures Launches PIXEL Majorly!!!
😊 Event Theme: Major New Futures PIXEL: Trade to Share a $100,000 Prize Pool, with 5,000 PIXEL Up for Grabs!
⏰ Event Duration: February 20, 2024, 16:00 - February 29, 2024, 24:00 (UTC+8)
🌏 Eligible Participants: All regions (Both new and existing users)
✨ Must-See Highlights:
🚀 Event Highlights:
Substantial Prize Pool: Share a $100,000 prize pool, first come, first served!
One-Click Participation: Simply click the registration button to participate in PIXEL futures trading and join the event.
Cash Rewards: Exclusive to new users, with 5,000 PIXEL waiting for you to claim!
🔗 Event Link:
https://bingx.com/act/template/6462?randomId=0448222079
🗣️BingX Spot Listing Notification
Starknet Token(STRK) Coin Will Be Listed on BingX Spot
⏰ Trading Available at: 2024-02-20, 14:30:00 (UTC+0).
🚌 Deposit Available at: 2024-02-20, 08:00:00 (UTC+0)
🚌 Withdrawal Available at: 2024-02-21, 14:30:00 (UTC+0)
https://bingx.com/en-us/support/articles/28978245926041/?ch=DEBUT
https://coinmarketcap.com/currencies/starknet-token/
BingX Standard Futures Supports Walmart Stock Split Plan
Dear Users,
According to Walmart's official announcement, Walmart plans to undergo a stock split at a 1:3 ratio on 2024-02-23. Trading on the split-adjusted basis will begin on 2024-02-26.
To safeguard against price fluctuations caused by the Walmart stock split that may affect normal futures trading, BingX plans to delist WMT Walmart from Standard Futures on 2024-02-22 at 22:40 (UTC+8). WMT Walmart will be relisted for trading once the stock split is completed.
Details are as follows:
1. Starting from 2024-02-20 at 21:40 (UTC+8), we will suspend new position opening of WMT Walmart. This will not affect the closing of existing positions.
2. The WMT Walmart trading pair will be delisted on 2024-02-22 at 22:40 (UTC+8). Positions that are not closed in time will be closed by the system at the delisting time. To avoid unnecessary losses, please make arrangements for your relevant positions before the delisting.
3. The WMT Walmart trading pair will be relisted and resume trading on 2024-02-27 at 22:40 (UTC+8).
We sincerely apologize for any inconvenience caused. Thank you once again for your understanding and support!
BingX Operation Team💕
🗣️ BingX Futures Listing Notice
BingX Perpetual Futures and Standard Futures List PIXEL/USDT
👉🏻 Trade Now:
Perpetual Futures: https://swap.bingx.com/en-us/PIXEL-USDT
Standard Futures: https://bingx.com/en-us/futures/forward/PIXELUSDT/
🗣️ BingX Spot Listing Notification
🗣️ Pixels(PIXEL) Coin Will Be Listed on BingX Spot
⏰ Trading Available at: 2024-02-19, 10:30:00 (UTC+0)
🚌 Deposit Available at: 2024-02-19, 10:00:00 (UTC+0)
🚌 Withdrawal Available at: 2024-02-20, 10:30:00 (UTC+0)
https://bingx.com/en-us/support/articles/28936034188697/
New Security Feature | Verification Code-Free Withdrawals via Passkeys (app)
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Announcement Link: https://bingx.com/support/articles/28329479290649/
BingX app (Version 4.11.0 or later) now supports the Passkeys feature, which enables users to perform withdrawals without the need for any verification code. You can create a passkey with a fingerprint or face recognition.
1. What is Passkey?
As a quick verification method for withdrawals, the passkey includes the following highlights:
Enhanced Security: Based on the FIDO standard, the passkey verification provides an additional layer of security for your account to safeguard your assets.
Quick Access: The passkey allows for quicker and more efficient security verifications to improve your experience.
2. Passkey Usage Restrictions
The BingX app must be updated to version V4.11.0 or later.
Passkeys can only be used in the BingX app on iOS 16 or Android 7 systems and higher, and it's currently not supported on the website.
The passkey cannot be used in certain scenarios, such as accounts with security risks or when withdrawing large amounts.
3. Where to Create Passkeys
1: Log in to your account on the BingX app. Tap on the avatar icon and tap "Security Center".
2. You'll see the "Passkeys" as the first item in "Security Center" (when your device is supported).
For any questions, feel free to contact our 24/7 online support. Thank you for your trust and support.
🚀 BingX x Chelsea FC Score Prediction Event
🔵 Celebrate the BingX and Chelsea FC Partnership! Join us in predicting the thrill of football action.
Chelsea FC vs Man city
📆Match time: 01:30 am (UTC+8), Sun, Feb 18
🎁 $50 Bonus is rewarded to the correct score predictors.
$10 Bonus each to 10 winners from a lucky draw among all participants;
✅ Steps:
1️⃣ Share your prediction for the Chelsea FC vs Aston Villa match in this format:
Example: Chelsea FC vs Man city 3:1
#BingXChelseaFC UID:xxxxxxxxx
📌 *One entry per user. Multiple entries will lead to disqualification.
📆 Submit your guess before 00:30 am (UTC+8), Sun, Feb 18
🎁 Register Now: BingX Account Registration
🔥 Event: Will $BTC Rise or Fall? Predict & Share 60,000 $USDT Rewards!
⏰ Time: 2024-02-16 00:00 to 2024-02-18 23:59 (UTC+8)
🌏 Who can participate: Taiwan, South Korea, Malaysia, Thailand, and Vietnam (both new and old users are welcome)
🚀 Highlights of the event: Those who meet the specified futures volume and make correct predictions can share the prize pool!
🔗 Event link:
https://bingx.com/en-us/act/forecast/1512654372
X: 👇
https://twitter.com/BingXOfficial/status/1757962166823702559
💖 BingX Valentine Love Share Event 💖
🌹 Spread the love this Valentine's Day with BingX!
🎁 $30 Bonus each to 10 members with the most beautifully written Valentine's wishes
$10 Bonus to a random raffle of 10 winners among all participants.
📆 Deadline: 22:00 (UTC+8), Feb 14
How to join:
✅ Steps:
1️⃣ Share your most heartfelt Valentine's wishes to the chat group with hashtag #ValentineLoveShare and your BingX UID.
Example:
#ValentineLoveShare UID: 123456
May your heart be filled with endless love and your days with cherished moments. Happy Valentine's Day BingX community!🌹
📌 *Only one entry per user allowed. Multiple entries will result in disqualification.
🎁 Register Now: BingX Account Registration
BingX Blog Update – 13/02
Hi team～There are 2 BingX Blog articles to share today 💕
BingX Insights
1. Title: Demystifying Perpetual Swaps in Crypto Trading
2. If you’ve been hanging around the exciting world of digital currencies, you might have stumbled upon the term “perpetual swaps.” It almost sounds like something from a sci-fi novel, but don’t worry; We will unravel the mystery and break it down into digestible bits for you in this article.
https://blog.bingx.com/insights/bingx-insights/demystifying-perpetual-swaps-in-crypto-trading/
Daily Blog
1. Title: Bitcoin Breaks $50,000 For the First Time Since 2021
2. Brief Introduction:
(1) Bitcoin is making headlines today as it crossed the $50,000 mark, which we haven’t seen since 2021. This is a huge milestone following the dip after the Bitcoin ETF approval in the United States. According to analyst Michaël van de Poppe, the Bitcoin price is currently encountering resistance, as evidenced by a substantial weekly candle that propelled Bitcoin above $48,000.
(2) Bitcoin is about $20,000 away from its all-time highs, yet most of the available BTC supply was last traded at lower prices. Meanwhile, in the short term, the U.S. is expected to provide potential volatility triggers, particularly with the release of Consumer Price Index (CPI) and Producer Price Index (PPI) data. These events come when inflationary pressures continue to surprise the Federal Reserve.
https://blog.bingx.com/bingx-daily/bitcoin-breaks-50000-for-the-first-time-since-2021/
💕 SuperX Valentine's Day Showdown
💕💕💕💕💕💕💕💕💕💕💕💕
🥳 One Day Left!
Gear up for the ultimate thrill!
Seize your share of the 250,000 USDT prize pool and 6,600 USDT in task rewards.
Time to battle in the name of love!
Click to trade futures and grab a prize pool: https://bingx.com/act/contest2/6299/?randomId=6579566625
#SuperX #Contest #FuturesTrading
🗣️BingX makes history as the first CEX to list 4 #ERC404 Tokens:
$PANDORA up an incredible 233.08% since listing!
$RUG up an amazing 264.63% since listing!
$ANONS debuts Feb 8th, 10:00 (UTC)
$DEFROGS debuts Feb 8th, 10:30 (UTC)
👇GO TRADE
bingx.com/spot/RUGUSDT/
bingx.com/spot/PANDORAUSDT/
bingx.com/spot/ANONUSDT/
bingx.com/spot/DEFROGSUSDT/
🎆 Crypto Insights: AMA with BingX CPO on the Thrilling Partnership with UFC Fighters Junyong Park & Da Woon Jung!
🚀 🌐 Join us for an exhilarating ride into the world of crypto and combat!
📆 Thu, Feb 8
⏰ 20:00 (UTC+8)
🏛 Venue: /channel/BingXOfficial
💰 Prize Pool: $2,000 Bonus
🗣️ BingX Spot Listing Notification
💕💕💕💕💕💕💕💕💕💕💕
DeFrogs(DEFROGS) Coin Will Be Listed on BingX Spot
⏰ Trading Available at: 2024-02-08, 10:30:00 (UTC+0)
🚌 Deposit Available at: 2024-02-08, 06:30:00 (UTC+0)
🚌Withdrawal Available at: 2024-02-08, 10:30:00 (UTC+0)
https://bingx.com/en-us/support/articles/28555686980633/?ch=DEBUT
BingX Blog Update – 21/02
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Hi team～There are 2 BingX Blog articles to share today🥳
BingX Press
1. Title: BingX Reflects on 2023: A Year of Growth, Innovation, and Recognition
2. As the curtains draw on the eventful year of 2023, the leading crypto exchange, BingX emerges as a beacon of resilience and growth, defying global uncertainties and industry turbulences. Throughout the year, BingX witnessed a remarkable ascent, with both trading volume and user base scaling new heights and marking its best performance since 2018. BingX experienced a whopping 250% year-on-year surge in trading volume and doubled its user base from 5 million to 10 million.
https://blog.bingx.com/announcement/bingx-reflects-on-2023-a-year-of-growth-innovation-and-recognition/
Daily Blog
1. Title: AI Tokens Continue To Rally Following OpenAI’s Unveiling Of Sora Text-to-video Generator
2. Brief Introduction:
(1) AI-related tokens have rallied in the past 24 hours, with the native cryptocurrencies associated with SingularityNET and Worldcoin posting double-digit gains. The uplift comes amid the hype surrounding the unveiling of OpenAI’s Sora text-to-video generator on Friday. AGIX, the native token of SingularityNET, a decentralized marketplace for AI-related services, gained over 11% in the past day, now trading for $0.52.The price of Worldcoin’s token increased by over 28% in the past 24 hours,, according to The Block’s price page. WLD also set a new all-time high of $7.95 today, with the market cap of worldcoin briefly exceeding $1 billion.
(2) Most of the investment happened in the United States through Bitcoin’s spot exchange-traded funds (ETFs), according to a Feb. 19 CoinShares blog post. However, some data points to the Bitcoin ETF inflow not being driven by new entrants, which is far less bullish than previously thought.
Given the ETF launch’s success, one must consider whether the 21.8% price gains by Feb. 19 meet investors’ expectations. Despite this achievement, Bitcoin’s price is still nearly 25% below the $69,000 all-time high, and previous instances of entities announcing billion-dollar acquisitions in Bitcoin caused a much stronger price reaction.
https://blog.bingx.com/bingx-daily/ai-tokens-continue-to-rally-following-openais-unveiling-of-sora-text-to-video-generator/
🗣️BingX Futures Listing Notice
BingX Perpetual Futures and Standard Futures List MAVIA/USDT
👇 Trade Now:
Perpetual Futures: https://swap.bingx.com/en-us/MAVIA-USDT
Standard Futures: https://bingx.com/en-us/futures/forward/MAVIAUSDT/
🔊 BingX Spot Listing Notification
🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️
Heroes of Mavia(MAVIA) Coin Will Be Listed on BingX Spot
⏰ Trading Available at: 2024-02-20, 10:00:00 (UTC+0).
🚌 Deposit Available at: 2024-02-20, 03:00:00 (UTC+0).
🚌 Withdrawal Available at: 2024-02-20, 10:00:00 (UTC+0).
https://bingx.com/en-us/support/articles/28963410564121/?ch=DEBUT
https://coinmarketcap.com/currencies/heroes-of-mavia/
BingX Blog Update – 20/02
Hi team～There are 2 BingX Blog articles to share today 💕
BingX Insights 👇👇👇👇
1. Title: Maintaining the Decentralization of the Bitcoin Network: Benefits and Challenges
2. Maintaining the Decentralization of the Bitcoin Network is crucial to its success. Decentralization is one of the core principles that underpins Bitcoin’s design and is what sets it apart from traditional financial systems.
However, maintaining the decentralization of the Bitcoin network is not without its challenges. As the network grows and more people start using Bitcoin, there is a new reality that centralization could occur. While this seems to undermine the integrity of the network at the vision level, it is a major reason why Bitcoin has also received global recognition.
https://blog.bingx.com/insights/bingx-insights/maintaining-the-decentralization-of-the-bitcoin-network-benefits-and-challenges/
Daily Blog
1. Title: FixedFloat Appears To Have Been Exploited For $26.1 Million In Bitcoin & Ether
2. Brief Introduction:
(1) Crypto exchange FixedFloat appears to have been exploited for $26.1 million in bitcoin and ether, according to on-chain data. Since the unexpected fund movements, the exchange has been put into maintenance mode and remains down.On the Bitcoin blockchain, the exchange has seen a suspicious movement of 409 bitcoin ($21.17 million) to this address.
(2) Bitcoin returned to the center of an intraday trading range into the Feb. 18 weekly close as bulls profited from weekend trading.Inflows into the spot Bitcoin
BTC exchange-traded funds (ETFs) topped $2.2 billion between Feb. 12 and Feb. 16, indicating a strong investor appetite. BlackRock’s iShares Bitcoin Trust (IBIT) has attracted year-to-date inflows of $5.2 billion, which is “50% of BlackRock’s total net ETF flows, out of 417 ETFs.
https://blog.bingx.com/bingx-daily/fixedfloat-appears-to-have-been-exploited-for-26-1-million-in-bitcoin-ether/
🗣️BingX Futures Listing Notice
BingX Perpetual Futures and Standard Futures List LAI/USDT
👇Trade Now:
Perpetual Futures: https://swap.bingx.com/en-us/LAI-USDT
Standard Futures: https://bingx.com/en-us/futures/forward/LAIUSDT/
BingX Blog Update – 19/02
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Hi team～There are 2 BingX Blog articles to share today 💕
BingX Insights
1. Title: Understanding Futures Contracts in the Crypto Market
2. If you’ve been navigating the exciting waves of crypto trading, you might have heard about futures contracts and the buzz surrounding them. You may also know about futures contracts from the regular financial world, but we step things up a notch in crypto.
In this article, we’ll unravel the mysteries of futures contracts in the crypto market, exploring what they are, how they work, and why they matter. So, buckle up, fellow crypto enthusiasts.
https://blog.bingx.com/insights/bingx-insights/understanding-futures-contracts-in-the-crypto-market/
Daily Blog
1. Title: AI-Related Digital Assets Skyrocket In Value Across The Past 30 Days
2. Brief Introduction:
(1) AI-related digital assets are experiencing a large jump in value due to the emergence of popularity in both industries. Crypto and AI have been two breakout industries, and questions have recently arisen about how they will function together. The potential for both to revolutionize their relative industries is not to be ignored. The AI-focused crypto project Bittensor (TAO), specifically, has soared 140% in the past 30 days.
(2) The Bitcoin rally continues a bit as it breaks the 52,000 level. There is still support if $47,000 is found. The ETF inflows are not only still steadily continuing but increasing as well. Bitcoin has risen almost 40% since the last swing low, or when the price makes a low and is immediately followed by two consecutive higher lows.
https://blog.bingx.com/bingx-daily/ai-related-digital-assets-skyrocket-in-value-across-the-past-30-days/
🧩Weekly Word Search.
🫡First come first serve.
🏆One word for $10 bonus.
LFG🚀🚀🚀🚀🚀🚀🚀
📌*One entry per person.
📌*This week's word searched is themed "Valentine"
Find the words horizontally, vertically or diagonally.
🧩Weekly Word Search.
🫡First come first serve.
🏆One word for $20 bonus.
⏰20:00 (UTC+8), Fri, Feb 16
LFG🚀🚀🚀🚀🚀🚀🚀
📌*One entry per person.
📌*This week's word searched is themed "Valentine"
Find the words horizontally, vertically or diagonally.
BingX Blog Update – 14/02
Hi team～There are 2 BingX Blog articles to share today
BingX Insights
1. Title: Understanding The Value Layer 2 Blockchains Offer
2. So, you’ve dipped your toes into the vast world of crypto, heard about the magic of blockchain, and now you’re getting curious about this thing called “Layer 2.” Buckle up, because we’re about to take a casual stroll through the Layer 2 landscape and unravel the wonders it brings to the blockchain table.
https://blog.bingx.com/insights/bingx-insights/understanding-the-value-layer-2-blockchains-offer/
Daily Blog
1. Title: The United States Securities and Exchange Commission and Ripple Labs Case Faces Being Prolonged Further
2. Brief Introduction:
(1) The United States Securities and Exchange Commission and Ripple Labs approach a crossroads as potential appeals arise, elongating the case. Judge Sarah Netburn ruled in favor of the Agency and directed Ripple to disclose important financial records for 2022 and 2023 earlier this month. Netburn stated, “The Court is not convinced that the production of these contracts will result in an improper or costly ‘mini-trial’.”
(2) US inflation data was released today, causing the price of Bitcoin to dip from the two-year high of $50,000 that was exhibited yesterday. With small dips across the board for the cryptocurrency market felt today Bitcoin (BTC) fell about 2.7%, showing that there is still strong demand for the asset. Ethereum (ETH) remains a strong player, falling roughly 1% from yesterday’s up day. Various factors play into this, but investors and traders are still hopeful about the potential of an Ethereum ETF approval in the US.
https://blog.bingx.com/bingx-daily/the-united-states-securities-and-exchange-commission-and-ripple-labs-case-faces-being-prolonged-further/
🗣️ BingX Futures Listing Notice
BingX Perpetual Futures and Standard Futures List OM/USDT
👉🏻 Trade Now:
Perpetual Futures: https://swap.bingx.com/en-us/OM-USDT
Standard Futures: https://bingx.com/en-us/futures/forward/OMUSDT/
BingX Blog Update – 12/02
Hi team～There are 2 BingX Blog articles to share today 🔥
BingX Insights
1. Title: Risk and Reward in Perpetual Swap Trading
2. In the crypto world, perpetual swaps have become a popular instrument, offering traders unique opportunities for profit and exposure to various digital assets. But, as with any financial venture, perpetual swap trading comes with its own set of risks and rewards.
Let’s start with the basics. A perpetual swap is a type of derivative contract that allows traders to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Unlike traditional futures contracts, perpetual swaps don’t have an expiration date. Instead, they operate on a perpetual basis, providing a continuous and seamless trading experience.
https://blog.bingx.com/insights/bingx-insights/risk-and-reward-in-perpetual-swap-trading/
Daily Blog
1. Title: A New Decentralized Social Network is Coming for Crypto
2. Brief Introduction:
(1) Farcaster, a decentralized social media platform, is breaking out within the crypto community, specifically within Twitter (now X). Its launch was very attractive to blockchain developers and enthusiasts, not only for its decentralized nature, but because industry leaders like Ethereum co-founder Vitalik Buterin are frequent users.
(2) From a short-term perspective, Bitcoin’s price remains upward after breaking through the local resistance barrier at $46,365. If the rate remains above this level, further ascent toward the $48,000 threshold and beyond is foreseeable.
From a midterm standpoint, the focus is drawn to the levels above $49,000. Should prices approach this mark, the possibility of a local correction arises, especially in the event of a false breakout.
https://blog.bingx.com/bingx-daily/a-new-decentralized-social-network-is-coming-for-crypto/
🚀 BingX Quiz (BingX UFC Fighters Junyong Park & Da Woon Jung Partnership Theme )
🎁 Reward Info:
$1,000 Bonus for a total of 20 winners. ($50 Bonus each);
📅 20:00 UTC+8, Fri, Feb 9
🏢Venue: https://discord.gg/bingxofficial
🔔How to win:
STEP 1:
✅Go to the #o-°🤫┃quiz-rebranding channel on time;
STEP 2:
✅The @QuizBot#0134 will be sending 5 single choice questions sequentially in the channel;
STEP 3:
✅In each question, you need to click on the correct answers as fast as you can; The quiz leaderboard is calculated by your correctness and spent time;
STEP 4:
✅Wait for winner announcement;
📌Rules
1️⃣The questions are all related to BingX UFC Fighters Junyong Park & Da Woon Jung Partnership;
2️⃣All rights reserved to BIngX;
🔈Register your BingX account TODAY!!!!
Exclusive BingX Account: Registration Link
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2⃣️ Refer new users to pledge and get instant 10 FIRE #airdrops
Join Now: bingx.com/int/0tCP7f
💰 5 winners! 10 FIRE #Giveaway each!
✅ To enter: RT this tweet and tag 5 friends.
X:👇 https://twitter.com/BingXOfficial/status/1755510707494482338
🎁 Gold Trading Week is coming!
🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳
💰 Trade Gold and Enjoy Up to $100 Gift Pack!
Details 👇
https://bingx.com/en-us/act/template/6419/?randomId=6625943099
✅ BingX Standard Futures supports gold trading pairs, enabling users to engage in gold futures trading with cryptocurrencies and seize great market opportunities!
X:👇
https://twitter.com/BingXOfficial/status/1755502185138520172
🗣️BingX Spot Listing Notification
💕💕💕💕💕💕💕💕💕💕💕💕
Anon Ethereum(ANON) Coin Will Be Listed on BingX Spot
⏰ Trading Available at: 2024-02-08, 10:00:00 (UTC+0)
🚌 Deposit Available at: 2024-02-08, 06:00:00 (UTC+0)
🚌 Withdrawal Available at: 2024-02-08, 10:00:00 (UTC+0)
https://bingx.com/en-us/support/articles/28554631322265/?ch=DEBUT
https://twitter.com/anon_ethereum
