BingX Blog

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

Vaulta Unveiled: The Bold Rebrand from EOS to Web3 Banking Powerhouse

What happens when a blockchain once hailed as an “Ethereum killer” decides to reinvent itself? Is it a desperate move or a masterstroke? Enter Vaulta, the new identity of the EOS Network, signaling a strategic pivot towards Web3 banking. This transformation isn’t just a cosmetic change; it’s a calculated leap into the future of decentralized finance. And yes, it’s more exciting than watching paint dry on a smart contract. Vaulta’s Web3 Banking Ambitions In March 2025, the EOS Network announced its rebranding to Vaulta, marking a significant shift in focus towards Web3 banking. This move includes the establishment of the Vaulta Banking Advisory Council, comprising financial and blockchain experts from firms like Systemic Trust, Tetra, and ATB Financial. Their mission? To bridge the gap between traditional banking and decentralized systems, making finance more accessible and innovative. Vaulta aims to leverage its existing blockchain infrastructure to offer services such as wealth manage
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Daily Crypto Deep Dive with BingX: June 5th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 1-day chart for Bitcoin (BTC) against USDT, as of June 5, 2025, shows the real-time price at $104,616. The candlestick pattern over the past month reveals an uptrend peaking around May 22, followed by a correction and a period of consolidation. The chart includes two moving averages: the 9-period MA at $105,310.4 and the 5-period SMA also at $105,310.4, both trending downward in the short term, reflecting the recent decline. The price is currently below these moving averages, indicating continued downward pressure after the recent drop. At the current price of $104,616, Bitcoin is trading below the recent high of $105,200.3 and has fallen beneath the 9-period MA and 5-period SMA at $105,310.4, which now serve as resistance. The latest candlestick shows a small decline, closing at $104,616.8, with a low of $104,322.7, suggesting selling pressure persists. The price seems to be te
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BingX Launches $150M Shield Fund to Set a New Benchmark for User Protection

PANAMA CITY, June 5, 2025 – BingX, a leading global cryptocurrency exchange and Web3 AI company, has introduced the Shield Fund, a $150 million safety net designed to safeguard users against unexpected incidents, including technical vulnerabilities, security risks, or malicious cyber threats on the platform. Unlike conventional insurance models, the Shield Fund is entirely self-funded and always active, enabling BingX to respond swiftly and uphold a high level of security for its users. This initiative underscores BingX’s commitment to transparency, accountability, and its unwavering user-first vision. Built with long-term sustainability in mind, the Shield Fund features continuous internal audits and dynamic risk assessments. It offers BingX users an added layer of real-time protection and peace of mind, solidifying BingX’s position as a leader in secure and responsible crypto trading. “The launch of the BingX Shield Fund is a strategic extension of our user
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High Stakes and Higher Risks: The Volatile World of Hyperliquid’s Leverage Trading

Ever wondered how a trader could turn millions into dust in a blink? Welcome to the thrilling, yet perilous, world of high-leverage trading on platforms like Hyperliquid. In May 2025, there was some a dramatic financial rollercoaster involving a whale trader, flipping a $3 million deposit into $27.5 million in just 52 days through aggressive leveraged bets on various crypto assets. However, the euphoria was short-lived. By the end of May, the same trader faced a catastrophic loss, with a $100 million Bitcoin long position being fully liquidated as Bitcoin’s price dipped below $105,000. It’s a stark reminder that in the crypto world, fortunes can be made and lost, in the blink of an eye. The Mechanics of High-Leverage Trading High-leverage trading amplifies both potential profits and losses. By allowing traders to control large positions with relatively small capital, platforms like Hyperliquid offer opportunities for significant gains. However, this also means that even slight market m
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How BingX AI Supports UAE & KSA's Drive for AI Adoption

The UAE and KSA have ambitious goals to transform their economies into technology-driven ones, and that’s one of the reasons why these two countries are leading the charge in Artificial Intelligence (AI) adoption. The UAE’s AI strategy aims to contribute $14 billion to the country’s GDP by 2030, while Saudi Arabia’s Vision 2030 targets $135.2 billion, according to PwC. As the crypto market thrives, with Bitcoin reaching an all-time high of $111,000, and the UAE and KSA leading the charge in AI adoption, AI is changing the game in trading, offering smarter and more accessible solutions. BingX is advancing this trend with the launch of BingX AI, a trading assistant that’s redefining crypto with AI. The Surge of AI in UAE and KSA’s Crypto Markets AI is reshaping crypto trading by processing vast datasets, price trends, market sentiments, and technical indicators in real-time. In the UAE and KSA, where the majority of the population is under 30 and tech-
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Inside the BingX AI Roadmap: Building the Future of Web3, Step by Step

Is the future of crypto just faster trading and flashier apps or something more intelligent, intuitive, and transformative? At BingX, the answer is crystal clear. Through the launch of BingX AI, BingX is not only changing how people trade, but how they interact with the entire Web3 ecosystem. Behind the headlines and big numbers is a well-planned roadmap, carefully designed to embed AI into every layer of the platform. If you’ve been wondering what it means to actually build the future of Web3, you’re about to find out. Step 1: Laying the AI Foundations In the early phase of its AI strategy, BingX is rolling out tools and features that immediately impact the trader experience. These include AI-powered asset discovery, trade execution tools, and real-time alerts designed to reduce reaction time and improve outcomes. These tools are not theoretical. They’re live and actively supporting users every day on the BingX exchange. This phase can also include direct investment
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Week #23: Cryptocurrencies with Recent Developments to Watch This Week

The cryptocurrency market continues to exhibit a blend of consolidation and growth, 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. Avalanche (AVAX): Cross-Chain Collaboration Fuels Ecosystem Growth Avalanche (AVAX) is currently trading at $20.35, reflecting a 13.79% decrease over the past week. This uptick follows the announcement of a strategic partnership between Avalanche and Filecoin, aiming to enhance cross-chain data storage solutions and bolster Web3 infrastructure. The collaboration positions Avalanche to tap into Filecoin’s decentralized storage capabilities, potentially attracting a broader developer base and fostering ecosystem expansion. Investors are optimistic about the synergies this partnership could unlock in the decentral
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Stablecoins Face the Senate: What You Need to Know About the New Crypto Bill

What happens when digital dollars meet Capitol Hill? The U.S. Senate is putting stablecoins under the microscope with the GENIUS Act, a bill that could redefine how digital assets operate in the American financial system. As the crypto world watches closely, this legislation promises to bring stability or perhaps stir up a new kind of volatility. The GENIUS Act: A New Era for Stablecoins The GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, aims to regulate stablecoins, digital currencies pegged to traditional assets like the U.S. dollar. The bill mandates that issuers hold 100% reserves in cash or liquid equivalents and submit monthly reserve reports. It also requires compliance with anti-money laundering and know-your-customer regulations. Notably, the act prohibits issuers from implying any federal insurance, such as FDIC backing, to prevent misleading assurances to consumers. Supporters argue that the GENIUS Act provides much-needed clarity an
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From Bitcoin to Baristas: How Crypto Prepaid Cards Are Brewing Everyday Spending

Ever dreamt of buying your morning coffee with Bitcoin? What once sounded like a techie’s fantasy is now a reality, thanks to the rise of crypto prepaid cards. These cards are transforming digital currencies from speculative assets into everyday spending tools. But is this the dawn of a new financial era or just a fleeting trend? Let’s delve into the world of crypto prepaid cards and see how they’re reshaping our daily transactions. The Latest Buzz: Visa and Bridge’s Stablecoin Venture In a significant move, Visa has partnered with stablecoin infrastructure startup Bridge to launch stablecoin-linked Visa cards in Latin America. Customers in countries like Argentina, Colombia, and Mexico can now make everyday purchases using stablecoins, with plans to expand to Europe, Africa, and Asia soon. Bridge, recently acquired by Stripe, handles the backend processes, converting stablecoin balances into local currencies during transactions. This initiative aims to make stablecoins more accessibl
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BingX Strengthens Its Executive Team by Appointing Daniel Lai as Chief Business Officer

PANAMA CITY, May 30, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, is pleased to announce the appointment of Daniel Lai as its Chief Business Officer. In this strategic leadership role, Daniel will steer BingX’s key business initiatives, with a focus on market expansion, risk management, compliance frameworks, and security partnerships. His appointment reflects BingX’s continued commitment to sustainable growth, global reach, and building a secure, user-first trading environment. Daniel brings a wealth of experience from leadership roles at prominent crypto platforms and fintech companies, offering deep expertise in navigating complex markets and fostering cross-functional collaboration. In addition to his professional accomplishments, Daniel’s diverse academic background and cross-disciplinary insights will be instrumental in strengthening BingX’s global security alliances and developing adaptable compliance structures suited to the rapidly evolving digita
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Daily Crypto Deep Dive with BingX: May 29th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 1-day chart for Bitcoin (BTC) against USDT, as of May 29, 2025, shows the real-time price at $108,460. The candlestick pattern over the past month indicates a sustained upward trend, with the price rising steadily from early May. The chart includes two moving averages: the 9-period MA at $108,846.7 and the 5-period SMA also at $108,846.7, both trending upward, reflecting a positive short-term trend. However, the latest candlestick shows a slight decline, with the price dipping below these moving averages, suggesting a potential pause in the upward momentum. At the current price of $108,460, Bitcoin is trading below the recent high of $108,499.0 seen earlier on May 29. The price has fallen beneath the 9-period MA and 5-period SMA at $108,846.7, which may now act as a resistance level in the near term. The small green candlestick at the end of the chart indicates a modest recovery
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From Data to Decisions: How BingX AI’s Smart Tools Help You Trade Smarter

Let’s face it, crypto moves fast. One second, your favorite altcoin is pumping, the next minute, a tweet tanks the market. In a sea of price charts, technical indicators, market rumors, and endless news feeds, it’s easy to feel like you’re trading blind. But what if your data worked for you and not against you? That’s exactly what BingX AI is built to do. BingX’s latest AI product suite transforms overwhelming crypto data into clear, actionable insights. With intelligent tools designed to analyze, interpret, and predict market behavior, BingX AI is here to help you stop guessing and start trading smarter. BingX AI Chat as Your New Trading Wingman Sometimes, you just need quick answers without digging through forums or waiting on a chatbot that might as well be powered by a potato. This is where BingX AI Chat can help. It’s a real-time, AI-powered assistant that understands your questions, tracks your activity, and offers context-aware guidance when and where you need it. Need hel
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