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Data: Bitget Derivatives Market Share Rises to 7.2%, Ranking Third Among Global CEX

22 hours ago

On July 31st, Bitcoin.com issued a Cryptocurrency Derivatives Market Analysis Report titled "Crypto Derivatives 101". This report systematically examines key products like futures, perpetual contracts, options, etc., and offers a comprehensive comparison of the advantages of centralized exchanges (CEX) and decentralized exchanges (DEX) in terms of liquidity, slippage, fees, risk management, and asset custody. The report indicates that Binance, Bitget, and OKX are rated as the platforms with the most institutional trading advantages, while GMX and Hyperliquid provide higher transparency and self-custody capabilities for DeFi native users. The report's data reveals that Bitget has surged and is expected to become the world's third-largest derivatives exchange by 2025. Its market share has increased from 4.6% at the beginning of the year to 7.2%. In April alone, Bitget's futures trading volume reached $920 billion, demonstrating leading liquidity and market depth in multiple core trading pairs.
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The9 Limited, the mainland Chinese operator of World of Warcraft, has launched the Web3 game platform the9bit through its Hong Kong subsidiary.

On August 1st, the Nasdaq-listed company The9 Limited announced that its wholly-owned Hong Kong subsidiary, Vast Ocean International Limited, has launched the Web3 gaming platform the9bit. The9bit has formed a strategic partnership with the blockchain gaming guild Yield Guild Games (YGG). It is reported that the9bit will be integrated into YGG's official onboarding channel and blockchain gaming guild activities. It is reported that from 2005 to 2009, The9 Limited was the exclusive operator of World of Warcraft in mainland China.

3 minutes ago

Ethereum Sees Ongoing Negative Premium on Coinbase, First Time Since April

On August 1st, according to the crypto data platform Kiyotaka, there has been a persistent discount of Ethereum on Coinbase. This marks the first time since April of this year. During this period, Ethereum has surged by more than 150%.

3 minutes ago

Publicly traded company Cemtrex purchases $1 million worth of SOL, planning to establish a $10 million cryptocurrency reserve.

On August 1st, the Nasdaq-listed company Cemtrex (stock code: CETX) announced that it had acquired $1 million worth of SOL as the initial step in its digital asset reserve strategy. The company purchased 5500 SOL at an average price of $181 per coin and intends to gradually expand the size of its cryptocurrency reserves to $10 million.

3 minutes ago

JPMorgan: Lowers Coinbase Price Target from $405 to $375

On August 1st, the financial institution Jefferies issued a report indicating that it had reduced Coinbase's target price from $405 to $375. (Securities Times)

3 minutes ago

华兴资本: Applying to Expand Hong Kong Securities and Futures Commission Type 1, 4, and 9 Licenses to Include Digital Asset Business

On August 1st, as per AASTOCKS, Zi Yuan Shi, the Head of Proprietary Investment at Huaxing Capital, stated that "The company will continuously and actively embrace Web3.0 and the digital asset industry. By leveraging its professional capabilities and high-quality resources through investment banking services, strategic funds, and direct investments, etc., it aims to empower the Hong Kong digital industry ecosystem. The company has applied to expand its Hong Kong Securities and Futures Commission Type 1, 4, 9 licenses to cover digital asset business. And it looks forward to collaborating with industry partners to enhance investment and construction efforts in digital asset financial infrastructure, on-chain ecosystems, and RWA assets, jointly promoting industry innovation, stable development, and assisting Hong Kong in becoming a global digital asset hub."

3 minutes ago

U.S. Non-Farm Payrolls Data will be released tonight, and the results will have a significant impact on the Fed's September interest rate decision.

On August 1st, the July employment report, which is scheduled to be released at 8:30 p.m. Beijing time on Friday, is anticipated to indicate an addition of 110,000 jobs, a notable decline from June's 147,000. The unemployment rate is expected to increase from 4.1% to 4.2%, and the average hourly earnings are predicted to rise by 0.3%, which is higher than June's 0.2%. If the forecast proves accurate, it will strengthen the perception of a decelerating job market, although it may not necessarily call for a response from the Fed. Earlier this week during the interest rate meeting, Powell did not offer guidance on the September rate decision, suggesting that there is a significant amount of data to be disclosed before then. Friday's July nonfarm payroll report will be a part of the puzzle that will assist in shaping expectations for a September Fed rate cut. Analysts note that if the nonfarm payroll data is below 100,000 and the unemployment rate rises, it may imply a weakening job mark

3 minutes ago

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