BingX Blog

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

Daily Crypto Deep Dive with BingX: May 12th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX     The 4-hour chart for BTC/USD shows Bitcoin trading at $104,129, reflecting a continued upward move of 1.92% from recent levels. The price has extended its rally beyond the previous high of $102,169, breaking through the $103,000 resistance and setting a new high at $104,129. This move is well above the 30-period moving average at $92,345.1 and the 60-period moving average at $87,456.8, confirming strong bullish momentum. The candlestick patterns show a series of bullish candles with increasing volume, indicating sustained buying pressure. However, the RSI on the 4-hour chart is at 75.32, deep in overbought territory, and the MACD, while still bullish, is showing signs of flattening, suggesting a potential short-term pullback. On the 1-day chart, Bitcoin’s broader trend remains strongly bullish, with the price soaring from $58,846 in late 2024 to the current $104,129, so
4 min

Crypto Curious? A Beginner’s Guide to Navigating Digital Assets Safely

Ever wondered if Bitcoin is the new gold or just digital fool’s gold? With cryptocurrencies making headlines and fortunes, it’s hard not to be intrigued. But before you dive into the crypto pool, it’s essential to understand the waters. After all, you wouldn’t jump into a pool without checking its depth, right? Cryptocurrency has been the talk of the town, with Bitcoin recently nearing the $100,000 mark. The U.S. government’s establishment of a Strategic Bitcoin Reserve indicates a significant shift towards embracing digital assets. Let’s dive in and get your crypto journey started. Understanding the Basics: What Is Cryptocurrency? Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies, it operates on decentralized networks based on blockchain technology. This means transactions are recorded on a public ledger, ensuring transparency and reducing the risk of fraud. Bitcoin and Ether
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Smarter DeFi Discovery: How ChainSpot Uses AI to Unlock Tomorrow’s Tokens Today​

Have you ever felt like everyone else discovers the next 100x token while you are still fumbling around with yesterday’s news? What if you could level the playing field and have smarter tools on your side? Imagine finding tomorrow’s DeFi stars before the hype kicks in, without drowning in whitepapers, Telegram groups, and sketchy Twitter threads. Sounds like science fiction, right? Enter ChainSpot, BingX’s new CeDeFi solution that not only makes on-chain trading easy but uses AI to spotlight the best DeFi opportunities before they explode. ChainSpot uses intelligent AI filtering to help users discover high-quality DeFi projects early, a major leap forward at a time when “DYOR” often feels like a full-time job. AI-Powered Token Discovery ChainSpot is not just another pretty trading interface. Behind the scenes, it uses artificial intelligence to scan, analyze, and filter blockchain projects based on liquidity, trading volume, user adoption metrics, and network activity. This means users
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CeDeFi Reinvented: How ChainSpot Combines Security, Speed, and On-Chain Access

If you’ve ever tried to buy a token on a DEX, you’ve probably asked yourself, “Why does this feel like playing crypto roulette?” Between confusing slippage settings, obscure gas fees, and the looming risk of sending funds into the abyss, DeFi trading can feel more like a survival game than an investment strategy. But what if all that changed—without sacrificing the freedom DeFi offers? ChainSpot, the latest innovation from BingX, is rewriting the CeDeFi playbook by combining real on-chain access with the safety and convenience of a centralized platform. Let’s break down why it matters. ChainSpot Launches as a CeDeFi Powerhouse BingX introduced ChainSpot as a bold move into the CeDeFi space. It’s designed for traders who want the benefits of decentralized assets, but not the drama that comes with them. Through ChainSpot, users can directly trade DEX-listed tokens using their BingX spot account balance. No external wallets or crypto bridges are required. This rollout is already shaking u
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Daily Crypto Deep Dive with BingX: May 9th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD shows Bitcoin trading at $102,169, reflecting a strong upward move of 6.29% from recent levels. The price has surged past the previous resistance at $97,956, reaching a new high of $102,169, supported by a breakout above the 30-period moving average at $91,543.2 and the 60-period moving average at $87,123.5. The candlestick patterns display consistent bullish momentum, with a series of strong bullish candles driving the rally, accompanied by a spike in volume, indicating robust buying interest. The RSI on the 4-hour chart is at 72.45, signaling overbought conditions, while the MACD shows a strong bullish trend, though the rapid ascent suggests a potential for a short-term pullback. On the 1-day chart, Bitcoin’s broader trend remains firmly bullish, with the price climbing from $58,846 in late 2024 to the current $102,169, confirming a breakout abov
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Introducing ChainSpot: Trade DeFi Tokens Without Leaving Your Centralized Exchange

Ever tried trading a new DeFi token and felt like you needed 3 different wallets, a degree in blockchain engineering, and nerves of steel? You’re not alone. The DeFi world promises innovation, but it often feels like a high-stakes treasure hunt where one wrong move can cost you. What if you could access decentralized assets without ever leaving your centralized exchange account? ChainSpot, the new CeDeFi solution by BingX, is turning heads by making that dream a reality. Is it a bridge, a revolution, or both? Let’s fine out together. The Latest Buzz: A New Era for Spot Trading BingX has officially launched ChainSpot, a CeDeFi trading solution that lets users buy and sell on-chain tokens directly from their BingX spot account. No external wallets needed. No bridge transfers required. No dozens of tabs just to swap one token. ChainSpot enables trading of DeFi tokens using your USDT balance, with gas fees automatically calculated and deducted. This matters because many DeFi t
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BingX Unveils ChainSpot: A CeDeFi Innovation for Simpler and Safer On-Chain Trading

PANAMA CITY, May 8, 2025 – BingX, a leading global cryptocurrency exchange, is proud to unveil ChainSpot, a pioneering CeDeFi (Centralized-Decentralized Finance) feature that empowers users to access decentralized tokens directly from their BingX accounts — without the need for external wallets or complex on-chain processes. As part of its 7th anniversary celebration, BingX becomes one of the first major exchanges to roll out such a hybrid product, signaling a bold leap forward in its product evolution. With the promise of “One Tap, All Chains”, ChainSpot introduces an effortless way to explore and trade on-chain assets while staying fully protected by BingX’s centralized infrastructure. As a CeDeFi innovation, it blends the best of both centralized and decentralized worlds — offering the ease and reliability of a centralized exchange with the openness and innovation of DeFi protocols. Key Benefits of ChainSpot Designed to make on-chain trading simpler and safer, Chai
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Why Are Crypto Prices Surging? The Must-Know Catalysts Fueling the 2025 Rally

What’s really behind Bitcoin’s recent surge past $96,000? Is this the start of a new bull market or just another head fake? In a world where meme coins skyrocket overnight and SEC policies shift like quicksand, understanding what’s really driving crypto prices has become more important than ever. With Bitcoin eyeing new all-time highs and Ethereum, Solana, and other altcoins following close behind, even skeptics are raising eyebrows. Get ready to decode the chaos, because this ride is anything but boring. Bitcoin’s April Rally and Institutional Fuel As of late April 2025, Bitcoin surged above $96,000 from the low $80,000, its highest in two months, catching the attention of institutions and retail investors alike. The recent upswing was largely triggered by favorable economic signals, such as softened inflation expectations in the US, paired with renewed interest from asset managers and hedge funds. The momentum has also been supported by the growing belief that the Federal Reserve ma
4 min

Daily Crypto Deep Dive with BingX: May 7th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD shows Bitcoin trading at $96,899 as of May 7, 2025, marking an increase of 0.11% from recent levels. The price has surged from a low of $93,770 earlier in the period, breaking above the resistance near $95,000 and approaching the previous high of $97,956. The 30-period moving average at $89,632.9 and the 60-period moving average at $86,582.0 are well below the current price, supporting the short-term bullish momentum. The candlestick patterns indicate strong buying pressure, with a large bullish candle driving the recent breakout, though volume has slightly decreased, suggesting a potential slowdown in momentum. The RSI on the 4-hour chart is at 60.80, indicating a slightly overbought condition, while the MACD shows a bullish crossover, supporting the upward move.   On the 1-day chart, Bitcoin’s broader trend remains bullish, with the price cli
4 min

Week #19: Cryptocurrencies with Recent Developments to Watch This Week

The crypto market is buzzing with fresh momentum this week as key developments across multiple projects spark renewed investor interest. From regulatory breakthroughs to major protocol upgrades and expanding institutional adoption, the digital asset space is seeing a wave of energy that’s hard to ignore. These shifts could signal the start of a new chapter in the evolution of decentralized finance and blockchain innovation. Litecoin (LTC): ETF Optimism Fuels Strong Price Rally As of publication, Litecoin (LTC) is trading at $134.42, marking a 7-day gain of approximately 4.1%. Litecoin has experienced a notable uptick in price, driven by renewed enthusiasm surrounding the potential approval of a Litecoin-based exchange-traded fund. The U.S. Securities and Exchange Commission recently accepted a rule change proposal for a spot Litecoin ETF, and the Depository Trust & Clearing Corporation registered the ticker “LTCC,” signaling preparatory steps toward ETF launch. This institutional m
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Daily Crypto Deep Dive with BingX: May 6th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD indicates Bitcoin trading at $94,249 as of May 6, 2025, showing a decline of 0.59% from recent levels. The price has pulled back from a high of $97,956 earlier in the period, testing support near $94,142, which aligns with the 30-period moving average at $88,953.2 and the 60-period moving average at $86,359.5. The candlestick patterns reflect increased selling pressure, with a series of bearish candles dominating the recent action. The RSI on the 4-hour chart sits at 56.67, suggesting neutral momentum, while the MACD shows a bearish crossover, indicating potential for further downside in the short term. On the 1-day chart, Bitcoin’s broader trend shows a significant rally from $58,846 in late 2024 to a peak of $97,956 in early May 2025, followed by the current correction. The price remains within a long-term ascending channel, with the recent drop
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Cashing Out Crypto: Off-Ramps in UAE & KSA's Regulated Markets

The Crypto industry has gained momentum in the last few years, with the Middle East and North Africa (MENA) rapidly establishing itself as the hub for cryptocurrency adoption, with the United Arab Emirates (UAE) and Saudi Arabia (KSA) at the forefront. With crypto transaction volume growing by 12% annually, and KSA and UAE leading global remittances, investors are increasingly focused on crypto off-ramps, converting digital assets into fiat currencies like AED (UAE) and SAR (KSA). In a region driven by progressive regulations and economic ambitions, experienced crypto users, especially those familiar with trading but understanding cash-out options, need clear insights into off-ramp methods, user trends, and regulatory frameworks for building growth in a dynamic landscape. What Are Crypto Off-Ramps? Crypto off-ramps enable users to convert cryptocurrencies, such as Bitcoin (BTC), or stablecoins like Tether (USDT), into fiat currency, typically deposited into bank accounts or received a
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