BingX Blog

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

How Blockchain Can Help Fight Deepfakes

The rise of AI-generated deepfakes has made it easier than ever to create convincing—but completely fake—images, videos, and even official documents. While this technology can be used for entertainment or creativity, it also poses a serious risk for misinformation, fraud, and identity theft. Blockchain, however, might just be one of the best defenses against such security challenges.   A Prime Example In a move that has brought attention to such possibilities, the government of the Philippines that could reshape public sector transparency, launching a blockchain-based notarization system on Polygon to verify government budget documents. By recording a cryptographic “hash” of each document on a public blockchain, the system creates a permanent, tamper-evident record.   Here’s how it works: When a document is created—like a Special Allotment Release Order (SARO) or a Notice of Cash Allocation (NCA)—the system generates a unique cryptographic hash based on its contents. That ha
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The GENIUS Act – What This Means for the Middle East's Digital Economy

As the digital economy races forward globally, the US is doubling down on its commitment to emerging technologies through a bold legislative step. The United States has taken a bold step by enacting the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the first major US legislation regulating stablecoins. Signed into law by President Donald Trump, the GENIUS Act marks a turning point for the crypto industry, promising to bring stablecoins into the mainstream financial system. But what does this mean for the Middle East, particularly the UAE and the KSA, where the digital economy is rapidly evolving?   What is the GENIUS Act? The GENIUS Act establishes a clear regulatory framework for stablecoins, addressing a long-standing need for oversight in a sector operating in a legal gray area. With this bill, it joins a growing list of countries seeking to bring oversight and stability to the rapidly expanding digital asset ecosystem. Three key provisions inclu
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PYUSD, USDG, and EURC: How Visa's Blockchain Expansion is Changing the Way We Pay

The future of payments is beginning to reveal itself, with TradFi payments giant Visa announcing a major expansion of its stablecoin settlement platform. Having just added support for PayPal’s PYUSD, the Paxos-issued USDG, and Circle’s EURC, and extended blockchain compatibility to Stellar and Avalanche, Visa has been making waves with a plethora of new additions to its payments infrastructure.   Coincidental Timing? The move comes just weeks after the GENIUS Act – the U.S’s first standalone regulation (Read more here!) – was passed, offering a clearer legal framework for how dollar- and euro-backed digital currencies can operate. The timing of Visa’s move here appears to be no coincidence – what could the latest move of this TradFi behemoth mean for crypto users?   For starters, it’s a big milestone for cross-border settlement. By supporting both dollar and euro stablecoins, businesses and consumers can take advantage of one o
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The TradFi Wave of Crypto Adoption: From Pilot Projects to Full Integration

Crypto is no longer just for exchanges, startups, or DeFi protocols—it’s becoming part of everyday banking. In the last few weeks alone, traditional financial institutions from the UAE, to Belgium, to Japan have rolled out new crypto services, signaling a new wave of adoption from some of the world’s most trusted banks.   From Experiments to Execution For years, “crypto adoption by banks” meant pilot programs, closed beta tests, or experimental custody services – things the everyday trader wouldn’t have had access to, short of maybe some news headlines. That’s changing fast. According to a recent joint report by Ripple, CB Insights, and the UK’s CBT, traditional financial institutions have invested more than $100 billion in blockchain initiatives since 2020, with a growing focus on real-world products for customers.   The UAE’s Rakbank just became the first traditional bank in the region to enable retail crypto trading directly in its mobile app. South Korea’s Wo
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BingX at GM Vietnam 2025: AI Powered Trading With Purpose

BingX just wrapped up a powerful showing at GM Vietnam 2025—one of the biggest blockchain events in Southeast Asia—and we had one clear message: the future of digital assets will be driven by intelligence, not hype. In a keynote speech, Vivien Lin, Chief Product Officer at BingX, laid out how our AI Evolution Strategy is transforming the trading experience into something smarter, more user-centric, and deeply empowering. She explained that while crypto has traditionally been marked by volatility and complexity, BingX is focused on creating something different: financial dignity for every user. So, what does that mean in practice? It means cutting through noise, simplifying tools, and delivering AI-driven solutions that help real traders make real decisions with confidence. Whether it’s live position analysis, predictive insights, or personalized briefings, BingX AI grows with you—learning, adapting, and supporting you at every step. We’re backing thi
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Is Altcoin Season Upon Us? Here’s What the Data Says

Every few months, the same question makes the rounds in crypto circles: is it altcoin season yet? This time, there might just be reason to pay attention. The Altcoin Season Index recently hit 60—its highest point in 2025—before cooling off and rebounding to 51. That’s not an official confirmation, but it’s a sign momentum may be shifting.   What Is Altcoin Season, Anyway? In simple terms, altcoin season is when altcoins—cryptocurrencies other than Bitcoin and excluding popular stablecoins—outperform BTC over a set period. By popular definition, if 75% of the top 50 non-stablecoin assets have better 90-day returns than Bitcoin, the market is in altcoin season. Right now, we’re not quite there. But the recent spike in the index shows more coins are starting to outperform Bitcoin, signaling that traders may be rotating capital from BTC into assets like Ethereum, Solana, and other top altcoins.   Why the Momentum Matters Several factors are fueling the shift: Bitcoin consolidati
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BingX Showcases the Future of Web3 at GM Vietnam: AI as a Tool for Dignity and Agency

PANAMA CITY, August 6, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, successfully wrapped up its participation at GM Vietnam 2025, one of Southeast Asia’s largest blockchain gatherings. Vivien Lin, Chief Product Officer at BingX, delivered a keynote speech outlining BingX’s vision for the future of Web3 and AI, and detailed how BingX’s AI Evolution strategy is delivering more innovative and accessible experiences for users. Vivien emphasized that the next chapter of digital assets will not be driven by speculation or hype, but by intelligence. By breaking down common barriers such as fragmented tools, information overload, and lack of confidence, BingX AI learns and grows together with its users — creating what BingX defines as financial dignity — empowering them to make confident, informed decisions without being hindered by complexity. Backed by a $300 million investment over three years, BingX’s AI Evolution strate
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BingX AI Delivers All-Round Analysis for Better-Informed Trading

PANAMA CITY, August 5, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, announced enhancements of BingX AI with a suite of integrated analysis functions tailored to users’ actual needs. Designed to simplify complex trading decisions, BingX AI offers users multi-dimensional and real-time analyses to navigate the complexities of cryptocurrency markets. First launched in May this year, BingX AI is powered by a multi-model AI engine and a deep pool of historical and real-time data. It offers traders a conversation interface to request, receive, and act on insights instantly, covering everything from macro market sentiment to personalized position strategies. BingX AI provides full-spectrum analysis of: Candlestick: Automatic breakdown of patterns, price levels, and support/resistance zones with clear operational guidance. Market: Real-time identification of critical developments based on watchlists, liquidity flows, and sentiment data. Token: On-demand res
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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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