BingX Blog

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

From Crypto Chaos to Connected Finance: Is Web3 Banking the Future or Just a Buzzword?

Can traditional banks survive without adapting to blockchain technology? Will crypto become safer, or will banks just become bolder risk-takers in disguise? These are no longer hypothetical questions. As the lines between traditional finance and decentralized networks continue to blur, the world of banking is undergoing a digital renaissance. Web3 banking isn’t just coming. It’s already knocking loudly at the vault door. And let’s be honest, if you thought your bank’s app was fancy, wait until you see what a smart contract can do. Stablecoins, and the Push for Real Use Cases In Japan, the government and private sector are starting to embrace blockchain-backed finance in practical ways. Initiatives to support XRPL-based Web3 startups are gaining momentum, especially with the region’s push toward digital asset innovation. It’s part of a wider pattern globally where Web3 is no longer just a playground for tech startups but a serious interest for institutional finance. Major financial inst
4 min

Risk-Proof Your Crypto: Smart Moves Every Trader Should Know Before It’s Too Late

Ever felt like crypto trading is a rollercoaster with no seatbelt? One minute your portfolio is up 20%, and the next, it’s down so fast your coffee gets cold. Volatility is part of the game, but what if you’re not just riding the waves, but accidentally paddling straight into a storm? This isn’t just about price swings. It’s about bugs, black swan events, and yes, those terrifying liquidation emails. So how can traders protect themselves before things go wrong? Let’s break down the risks and more importantly, what you can do to stay safe. From market crashes to technical hiccups, here’s your simple guide to trading smarter and safer, without the stress. Crypto News You Need to Know In recent weeks, markets have seen dramatic movement again. Bitcoin hovered above $63,000 before briefly sliding, while altcoins like Ethereum, Solana, and Avalanche followed suit. With tensions in global markets and continued regulatory developments, traders are facing a more uncertain landscape than ever
4 min

Tokenization is Transforming the UAE Real Estate Market

The UAE is leading the way in its dynamic real estate sector, leveraging blockchain technology to redefine property investment. With Dubai’s property market valued at AED 2 trillion, real estate tokenization is emerging as a transformative force, enabling fractional ownership and enhancing market accessibility. The Dubai Land Department’s (DLD) launch of the MENA region’s first licensed tokenization platform underscores the UAE’s ambition to lead in global fintech innovation, aligning with the Dubai Economic Agenda (D33) to drive a tech-powered economy. What is Real Estate Tokenization? Real Estate tokenization involves converting physical properties into digital tokens on the blockchain, where each token represents a fractional share of the asset. This allows investors to own a portion of a property without purchasing it outright, lowering financial barriers and entry points for investors who want to diversify their investments. Blockchain makes this easier by
3 min

Daily Crypto Deep Dive with BingX: June 9th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 1-day chart for Bitcoin (BTC) against USDT, as of June 9, 2025, shows the real-time price at $105,480. The candlestick pattern over the past month indicates an uptrend that peaked around May 22, followed by a correction and a period of consolidation. The chart includes two moving averages: the 9-period MA at $104,862.4 and the 5-period SMA also at $104,862.4, both showing a slight upward tilt in the short term, suggesting a potential stabilization. The price is currently above these moving averages, reflecting a modest recovery attempt after recent declines. At the current price of $105,480, Bitcoin is trading above the 9-period moving average (MA) and 5-period simple moving average (SMA) at $104,862.4, which are acting as support levels. The latest candlestick shows a green close at $ 105,511.50, indicating buying interest after a low of $ 105,208.00 earlier in the session. The
3 min

Week #24: Cryptocurrencies with Recent Developments to Watch This Week

The digital asset space held steady this week with a mix of modest gains and ecosystem-driven moments. Interest continues to grow around Layer-1 expansion, protocol upgrades, and increasing mainstream utility. Here’s a spotlight on 4 noteworthy assets: Avalanche (AVAX): Ecosystem Connections Strengthen Avalanche is trading at $20.38, having edged up 0.03% in the last 24 hours and approximately 0.56% over the week . This week’s highlights include deepening infrastructure efforts and community-driven narratives that emphasize Avalanche’s role as a scalable Layer‑1 hub. Ecosystem activity has picked up as developers build out dApps and multi-chain bridges. Technical analysts note that while short‑term momentum remains flat, long-term support levels continue to hold. If Avalanche can showcase tangible project launches and integrations, it may attract fresh attention and capital. Toncoin (TON): Telegram-Centric Incentives Lead Growth Toncoin sits at $3.17, boosted by 0.56% in the last 24 ho
3 min

Crypto Cards vs Traditional Credit Cards: Are We Witnessing the Future of Personal Finance?

Ever wish your wallet felt more futuristic—like something out of a sci-fi movie, but with fewer beeps and more crypto rewards? Imagine buying your morning coffee with Bitcoin, earning cashback in Ethereum, and never needing to worry about foreign transaction fees again. Sounds cool, right? But then reality hits: prices swing harder than your uncle’s karaoke voice at family reunions. So, are crypto cards the next evolution of personal finance or just shiny tech with a steep learning curve? Let’s break it all down and find out if your next card should come with a blockchain backend. Crypto Cards Are Catching Fire: Should You Swipe Right? Crypto cards have entered the chat and loudly. Over the past year, exchanges like BingX and others have rolled out pre-paid and debit crypto cards that connect seamlessly to your crypto wallet. These cards are powered by trusted networks like Visa and Mastercard, letting you spend your Bitcoin or USDT just like dollars or euros. With real-time conversion
5 min

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
3 min

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
3 min

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
3 min

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
3 min

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
5 min

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
4 min