BingX Blog

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

Ethena Labs & USDtb: A Milestone in Regulated Stablecoins

Ethena Labs is bringing its USDtb stablecoin—currently valued at approximately $1.5 billion – into the U.S. market through a new partnership with Anchorage Digital Bank – the first federally chartered crypto bank in the country This move positions USDtb as one of the first U.S.-dollar backed stablecoins to align with the new GENIUS Act federal regulations for payment stablecoins. Previously launched offshore, USDtb is backed by traditional assets such as BlackRock’s tokenized BUIDL money market fund and USDC, with reserves surpassing its circulating supply. This structure supports transparent redemption, audit-ready reporting, and 1:1 fiat alignment – key requirements under the new regulations. This all adds a fresh layer of regulatory credibility – a key factor for institutional adoption.   Why the Pivot? Ethena’s earlier product, USDe, is a synthetic stablecoin designed for yield and derivatives exposure, USDtb is purpose-built for payments and sett
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Week #32: Cryptocurrencies with Recent Developments to Watch This Week

Crypto markets this week are being driven by ecosystem developments and capital flows rather than price speculation alone. Cardano’s treasury‑backed upgrade plan, XRP’s institutional repositioning, and Ethena’s record‑breaking stablecoin inflows and governance token gains are shaping sentiment across different market segments. Together, they highlight the interplay of governance decisions, macro headwinds, and DeFi innovation in steering token momentum.   Cardano (ADA): Treasury‑Funded Development Push Cardano token holders have approved a major funding initiative, authorizing 96 million ADA tokens (approx. $70 million) from the treasury to support a year‑long technical roadmap proposed by Input Output Global (IOG).   The development plan allocates resources to multiple upgrades: Hydra for Layer 2 transaction scaling Mithril to streamline node synchronization Ouroboros Leios to increase base‑layer throughput Project Acropolis for a modular node architecture   These eff
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BingX Labs Marks One Year of Web3 & AI Innovation with $16Million in Strategic Investments

PANAMA CITY, August 1, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, announced the first anniversary of BingX Labs, its dedicated investment and incubation arm. Over the past year, BingX Labs has established itself as a key strategic investor, partner, and developer ally, driving innovation at the intersection of Web3, AI, and decentralized finance. Since its launch in 2024, BingX Labs has committed $16 million in investments across high-impact projects and protocols such as Babylon and StakeStone, alongside strategic collaborations with leading partners including IOSG, Kaia foundation, and Hackquest to support broader Web3 and AI ecosystem growth. These partnerships exemplify BingX Labs’ approach — fostering strategic collaborations with the builders of core infrastructure for the next phase of Web3 and AI adoption. Beyond financial backing, BingX Labs has become a hub of research and innovation. The Labs team is actively exploring key emergi
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Follow the Smart Money: How BingX AI Recommends the Right Pro Traders for You

Let’s face it, blindly following top traders based on leaderboards alone is like picking a stock because it has a cool logo. What if you could skip the guesswork and have an AI that understands your risk appetite, trading style, and goals and then handpicks the right pros to follow? BingX AI’s Pro Trader Recommender isn’t just matching you with the most popular traders, it’s finding the most compatible ones. In a space where influencer hype can cloud judgment, this AI is like your personal talent scout, minus the clout-chasing and pump-and-dump schemes. Ready to trade smarter, not just louder? Compatibility Over Popularity What makes BingX AI’s Pro Trader Recommender different is that it filters more than just win rates. It takes into account your trading behavior, risk level, preferred assets, time horizons and then compares that with hundreds of trader profiles on the platform. It doesn’t just say “this trader made $10,000 last month,&rdquo
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KSA's AI and Blockchain Synergy: How SaudiBERT and ALLaM Could Drive Crypto Innovation

As Saudi Arabia drives its digital transformation under Vision 2030, the convergence of Artificial Intelligence (AI) and blockchain technology is emerging as a powerful catalyst for innovation in the Kingdom’s financial ecosystem. Two groundbreaking AI models, SaudiBERT and ALLaM, developed under the Saudi Data and Artificial Intelligence Authority (SDAIA), are poised to revolutionize sectors like cryptocurrency trading by enhancing efficiency, security, and accessibility. Under the National Strategy for Data and AI (NSDAI), the Kingdom aims to become a top AI economy by 2030, attracting over SAR 75 billion in investment and training thousands of specialists in data and AI.   Saudi Arabia’s Vision 2030 The Kingdom is investing heavily in AI, with SDAIA leading initiatives to integrate generative AI across various sectors, including finance, healthcare, and logistics. A $100 billion fund for AI and technology, with plans for an additional $40 billion. Blockchain, a key
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Stablecoins Are Emerging as the Internet's Settlement Backbone

Stablecoins Are Emerging as the Internet’s Settlement Backbone In a recent interview, Noam Hurwitz—the head of engineering at Alchemy—made waves by declaring that stablecoins have now surpassed Visa and Mastercard in onchain transaction volume, citing a 7% lead and announcing these tokens are becoming the “default settlement layer for the internet”. That’s no small feat. As firms like PayPal, Stripe, and even Visa work stablecoin rails into their payment stacks, onchain dollars are powering transactions faster, cheaper, and more reliably than ever before.   From Trader Tools to Internet-Wide Infrastructure Once viewed as niche instruments for crypto trading, stablecoins have now evolved into foundational infrastructure for the broader web. Hurwitz highlights their key advantages: cheap, instant, global, and secure transfers, enabling everything from cross-border remittances to real-time settlement on services like Polymarket. Major players aren’t just exploring—they’re
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What the GENIUS Act Means for Stablecoins, Traders, and U.S. Crypto Policy

The U.S. has taken a major step toward regulating stablecoins—and the market is paying close attention. The recently passed Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is the first standalone legislation focused entirely on dollar-pegged digital assets, setting the stage for clearer rules and broader adoption. So, what exactly does this mean for traders? A Clearer Framework for Issuers Until now, stablecoin issuers have operated in a patchwork of state and federal guidelines, with some opting for offshore licensing to avoid regulatory uncertainty. The GENIUS Act aims to change that by creating a formal federal license for “payment stablecoins,” along with strict reserve, audit, and redemption requirements. Smaller issuers can still operate under state-level oversight, but larger stablecoins will now fall under agencies like the Office of the Comptroller of the Currency (OCC) or the Federal Reserve. This regulatory clarity is expected to make it easier
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BingX TalentX Internship Program Takes Off with 1,000+ Global Applicants

At BingX, we believe the future of Web3, AI, and crypto will be shaped by fresh ideas and global perspectives. That’s why earlier this year, we launched the TalentX Internship Program—and the response has been incredible. Since its debut in February, TalentX has attracted over 1,000 applications from more than 10 countries and 5 continents. From this pool of talent, 100+ interns have already joined our teams across product development, marketing, research, branding, operations, and more. More Than Just an Internship TalentX isn’t just about getting work experience—it’s about building the next generation of Web3 and AI leaders. Interns gain hands-on experience, work on real-world projects, and receive mentorship from industry experts. It’s a unique opportunity to contribute to the technologies that are transforming finance, AI, and decentralized innovation. What’s Next for TalentX? This first wave of TalentX interns is just the beginning. Bing
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Over 1,000 Candidates Applied to BingX TalentX Internship, Shaping the Future of Web3 and AI

PANAMA CITY, July 29, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, shared a major update on the Internship Program under its Global TalentX Strategy, launched earlier this year to cultivate the next generation of Web3, AI, and crypto leaders. Since its debut this February, the initiative has gained significant global traction, attracting over 1,000 applications from aspiring talents across more than 10 countries and 5 continents. As a result, over 100 interns have been successfully onboarded into departments including product development, operations, marketing, research, branding, administration, and human resources. The TalentX Strategy goes beyond traditional hiring — it is a long-term investment in people, offering real-world experience, hands-on learning, and expert mentorship. This first cohort reflects BingX’s vision for a diverse, future-focused workforce, built to drive the next wave of decentralized innovation and AI-powered technolo
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Week #31: Cryptocurrencies with Recent Developments to Watch This Week

This week’s market momentum continues to highlight platform fundamentals and ecosystem upgrades across key tokens. Amid evolving regulatory clarity and developer-driven innovation, select projects are gaining traction through strategic initiatives and technical breakthroughs.   NEAR Protocol: Institutional Alignment and Cross-Chain Focus NEAR is gaining attention beyond price swings largely due to its strategic collaboration with Everclear, aimed at building cross-chain stablecoin settlement infrastructure. The partnership leverages NEAR’s Chain Abstraction technology to address pain points like fragmented liquidity and regulatory compliance—targeting the $1T+ digital asset clearing market. Despite short-term volatility, analysts believe NEAR’s ability to attract institutional interest and maintain a clearly defined trading channel reflects broader confidence in its long-term roadmap. The protocol continues to position itself as a cross-chain infrastructure layer for the nex
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Truth Social’s Bitcoin ETF Plans: Bitcoin, Ether… and Altcoins

Trump Media & Technology Group—the parent company of Truth Social—is making waves in the crypto world with its latest ETF filing. The proposed Crypto Blue Chip ETF wouldn’t just track Bitcoin or Ethereum, but would include a rare mix of altcoins like Solana, Cronos, and XRP. If approved, it would mark one of the first U.S.-listed crypto ETFs to offer regulated exposure to such a diverse basket of digital assets, joining the likes of MSCI in offering a diversified crypto ETF.   A Bold Mix The ETF, filed to trade on the New York Stock Exchange’s Arca platform, would be composed of 70% Bitcoin, 15% Ether, 8% Solana, 5% Cronos, and 2% XRP. It’s a bold mix—especially considering that most U.S.-based crypto ETFs have been limited to the two dominant players: BTC and ETH. This move reflects a growing appetite among investors for broader access to the digital asset market, without the need for self-custody or multiple wallets. What makes this filing particularly noteworthy is the timi
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USDC Meets Alibaba’s Ant Group—Here’s Why It Matters

Circle’s USDC stablecoin may soon get a major boost in global visibility—Ant Group, the fintech giant backed by Alibaba founder Jack Ma, has announced plans to integrate USDC into its proprietary blockchain, pending regulatory approval. If completed, this would link the world’s second-largest stablecoin to one of the most powerful digital payment networks in Asia. It’s a milestone moment for stablecoin adoption—and a sign of what’s to come. USDC as Part of a Trillion Dollar Ecosystem Ant Group’s international arm is building a blockchain platform designed to support a wide range of digital currencies, including tokenized assets, central bank digital currencies (CBDCs), and now, stablecoins like USDC. In 2024, Ant’s blockchain handled over $1 trillion in transactions, with about a third settled on-chain. Tapping into this network would give USDC exposure to a vast pool of merchants, institutions, and users across Asia and beyond. With Circle aiming to become the go-to digital dollar i
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