BingX Blog

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

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
5 min

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
4 min

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
4 min

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
3 min

Week #21: Cryptocurrencies to Watch This Week

The cryptocurrency market has shown mixed signals this week, marked by a slight pullback across major assets despite continued innovation in blockchain ecosystems. Ongoing institutional involvement and technological integrations remain central themes. In focus this week are four top 100 cryptocurrencies making headlines due to partnerships, protocol upgrades, and ecosystem expansion. Sui (SUI): Focused on Cross-Chain Growth Sui is currently trading at $3.71, having dropped 3.4% over the past week. This decline comes amid broader market softness, though Sui’s ecosystem continues to expand. Most notably, Sui announced its new integration with exchanges providing increased analytical insights and educational reach for users engaging with the Sui ecosystem. Additionally, Sui’s collaboration with Bitlayer to develop a BitVM bridge is a strong step toward Bitcoin interoperability, allowing Sui users to potentially access Bitcoin-native liquidity. While price action remains subdued, these dev
3 min

Sonic Blockchain’s Future: Speed, Innovation, and a New Era in DeFi?

Is the blockchain world ready for a new speedster? Imagine a platform so fast and efficient that it could redefine the very fabric of decentralized finance. Enter Sonic Blockchain, the latest evolution from the team behind Fantom. With promises of lightning-fast transactions and groundbreaking innovations, Sonic is poised to make waves in the crypto ocean. But is it all smooth sailing, or are there hidden icebergs ahead? Sonic’s Legal Victory: A Turning Point In a significant development for both the average DeFi user and multiple L1 chains, Sonic Labs secured a legal victory against the Multichain Foundation. The Singapore High Court ruled in favor of Sonic Labs, appointing KPMG as liquidators to oversee the bankruptcy proceedings of Multichain. This move aims to recover funds lost during a 2023 hack that resulted in over $210 million in losses across multiple chains, including Fantom and Ethereum. Sonic Labs’ proactive legal approach not only seeks restitution but also sets a precede
3 min

Daily Crypto Deep Dive with BingX: May 16th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $103,665, up 1.58% from recent levels after climbing from a low of $101,500 earlier in the period. The price has broken above the resistance at $102,169 and is approaching the previous high of $104,129, supported by the 30-period moving average at $92,789.6 and the 60-period moving average at $87,789.9. The candlestick patterns indicate renewed buying pressure, with a series of bullish candles driving the move, backed by a moderate increase in volume. The RSI on the 4-hour chart is at 68.23, nearing overbought territory, while the MACD shows a bullish crossover, supporting the upward momentum in the short term. On the 1-day chart, Bitcoin’s broader trend remains strongly bullish, with the price rising from $58,846 in late 2024 to the current $103,665, maintaining its position above the $100,000 mark. The daily chart shows the price trading near the
3 min

Sui: Why Investors Are Paying Attention to This New Blockchain Project

What if the next major blockchain challenger didn’t come from Ethereum or Solana, but from a relatively new name like Sui? It boasts sub-second transaction finality, skyrocketing total value locked, and increasing institutional attention. But how much of this momentum is real, and how much is hype? In a market littered with flashy promises and vaporware, Sui is making a serious case for long-term relevance. Let’s peel back the layers of this promising project and see what’s fueling the excitement and whether there are any cracks in its sleek surface. Sui’s Fundamentals: Speed, Scale, and Simplicity Sui, developed by Mysten Labs, is a Layer 1 blockchain built to solve some of the most persistent headaches in crypto. Its unique architecture uses object-centric data models and parallel transaction processing, allowing it to execute thousands of transactions per second with sub-second finality. This makes it attractive not only for financial applications but also for gaming, social, and NF
4 min

Daily Crypto Deep Dive with BingX: May 15th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $102,009, down 2.12% from recent levels after reaching a high of $104,129 earlier in the period. The price has pulled back to test support near $101,500, which aligns with the 30-period moving average at $93,123.4, while the 60-period moving average sits at $88,012.3. The candlestick patterns reflect increased selling pressure, with a series of bearish candles following the peak, though volume has decreased, suggesting a potential slowdown in the downtrend. The RSI on the 4-hour chart is at 55.67, indicating neutral momentum, while the MACD shows a bearish crossover, pointing to possible further downside in the short term. On the 1-day chart, Bitcoin’s broader trend remains bullish despite the recent correction, with the price having risen from $58,846 in late 2024 to a peak of $104,129 before dropping to $102,009. The daily chart shows the price ho
3 min

How did Institutional Investments Propel Bitcoin Beyond $100K?

Is Bitcoin’s recent surge past $100,000 a fleeting moment or the dawn of a new financial epoch? On May 8, 2025, Bitcoin soared to $101,370, marking its highest point since February. This rally wasn’t just a stroke of luck; it was fueled by a confluence of factors, including a promising U.S.-U.K. trade agreement and a notable decrease in inflation to 2.3%, the lowest since early 2021. These developments have reignited investor confidence, propelling Bitcoin into uncharted territory. Let’s better understand how U.S. Equities and optimism over progression in U.S.-China trade talks has given us some positive influence on the evolving role of Bitcoin in the global financial ecosystem. Institutional Influx: The New Crypto Vanguard Institutional investors are no longer on the sidelines. With Saylor still busy trying to buy more BTC, institutions are at the forefront of Bitcoin’s momentum. In the past three weeks alone, spot Bitcoin ETFs have attracted $5.3 billion in inflows, signaling
3 min

Week #20: Cryptocurrencies with Recent Developments to Watch This Week

The cryptocurrency market continues to tread water with a cautiously optimistic tone as Bitcoin consolidates and investor attention shifts to altcoins. While high-fliers like Ethereum and Aave have captured headlines with outsized gains, a few other assets that haven’t surged yet may hold the most upside as potential late bloomers. This week, we explore several of these under-the-radar performers that could be next in line for a breakout. Chainlink (LINK): Powering Traditional Finance’s Leap into Web3 Chainlink is currently trading at $17.07, reflecting a weekly increase of approximately 2.9%. This modest uptick follows the announcement of its expanded collaboration with SWIFT, the global financial messaging network. The partnership aims to enhance cross-chain interoperability, enabling seamless interactions between traditional financial systems and various blockchain networks. By facilitating tokenized asset transfers across different chains, Chainlink positions itself as a critical i
3 min

Stablecoins Outpace Visa, Driving UAE & KSA's Crypto Growth

In 2024, stablecoin transaction volume reached $27.6 trillion globally, surpassing Visa’s $13 trillion payment volume by 7.7%, outpacing Visa and Mastercard combined. For the UAE and KSA, driving MENA’s crypto surge with 12% annual transaction growth, this milestone underscores stablecoin’s dominance in digital finance. Crypto users, familiar with trading but looking for cash-out options, can capitalize on this trend in regulated markets, leveraging stablecoins like USDT, USDC, and the UAE’s AED pegged AE Coin for remittances and decentralized finance (DeFi). Stablecoin Redefines Transactions Stablecoins processed $15.6-$27.6 trillion in 2024, fueled by low-cost, instant transfers on high-speed blockchains like Solana and Ethereum. In the UAE, stablecoins account for 51% of crypto transactions, with $9.8 billion in exchange inflows, a 55% rise from 2023. KSA’s retail adoption, aligned with Vision 2030’s diversification goals, sees stablecoins powerin
5 min