Bitget – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 28 Jul 2025 23:07:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Bitget – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitget Slammed by ASIC for Unlicensed Crypto Futures in Australia https://earlybirdsinvest.com/bitget-slammed-by-asic-for-unlicensed-crypto-futures-in-australia/ https://earlybirdsinvest.com/bitget-slammed-by-asic-for-unlicensed-crypto-futures-in-australia/#respond Mon, 28 Jul 2025 23:07:18 +0000 https://earlybirdsinvest.com/bitget-slammed-by-asic-for-unlicensed-crypto-futures-in-australia/

Australia’s financial regulator has issued a warning to Bitget



$4.75B

for offering crypto futures products without proper authorization
.

The Australian Securities and Investments Commission (ASIC) said that Bitget, along with its parent company BTG Technology Holdings Limited, has been promoting futures trading services that are not licensed in the country.

According to ASIC, Bitget is not registered under an Australian Financial Services (AFS) licence. This means it is not allowed to advertise or offer its financial products to people in Australia.

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Without this license, investors using the platform do not have access to important protections, including dispute resolution and safeguards for their funds.

The regulator said the warning is part of its ongoing efforts to reduce the risks that come with trading complex and unregulated crypto products, especially for everyday investors.

While licensed firms in Australia must limit crypto derivatives to a 2:1 leverage ratio, Bitget allows users to trade with leverage of up to 125:1.

ASIC explained:

Trading in highly leveraged derivative products can result in substantial losses.

They also reminded investors that dealing with unlicensed providers could make it harder to recover losses or get help if something goes wrong.

Bitget is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), the agency responsible for monitoring financial crime. However, that registration only covers basic crypto exchange services, and it does not give the company permission to offer or promote futures trading.

AUSTRAC recently outlined a new strategy to combat financial crime by naming cryptocurrency platforms as a top priority. What did the agency say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Bitget Study Uncovers Crypto Usage in Purchases, Gaming, and Travel https://earlybirdsinvest.com/bitget-study-uncovers-crypto-usage-in-purchases-gaming-and-travel/ https://earlybirdsinvest.com/bitget-study-uncovers-crypto-usage-in-purchases-gaming-and-travel/#respond Sat, 19 Jul 2025 21:31:56 +0000 https://earlybirdsinvest.com/bitget-study-uncovers-crypto-usage-in-purchases-gaming-and-travel/

A new report from Bitget has revealed that crypto adoption trends are shifting from speculation to spending.

Based on an online survey of 4,599 participants from the Bitget Wallet community, the data showed that over 35% use it for daily transactions, gaming, and travel.

A Global Shift

The study shared with CryptoPotato had respondents outlining their digital asset payment preferences across categories. The data was then analyzed to identify global patterns, generational behaviors, and regional differences.

Worldwide, the top use cases are gaming at 36%, daily purchases at 35%, and travel bookings at 35%. Further, 32% of participants said they have adopted these assets for digital products, with the same percentage spending them on gifting, while 30% put them in education.

Crypto wallet use also includes luxury goods, utility bills, subscriptions, real estate, car leases or purchases, and healthcare services.

Overall, people prefer incorporating digital assets in their daily spending (35%) over online shopping (31%). These findings indicate that users are integrating virtual currencies into practical and everyday expenditures.

East Asia had the leading global interest in digital products and daily purchases, each accounting for 41%. On the other hand, Southeast Asia dominated gaming, with 41%, and gifting, with 36%. This trend is driven by a young, mobile-first population and widespread adoption of play-to-earn (P2E) models alongside a strong digital gifting culture. The region has also shown high openness to in-store QR payments.

In the Middle East, users showed interest in gaming (41%), luxury goods (31%), and car purchases (29%), suggesting cryptocurrency is used for high-value spending in regions with strong purchasing power and regulatory support.

Meanwhile, Africa ranks highest for education payments, reaching 38%, driven by the continent’s demand for cross-border access to learning and the need to overcome gaps in traditional banking infrastructure.

In Latin America, 38% of people utilize crypto for digital product purchases and 35% for online shopping. Additionally, 41% of users in the region reported having wallets for on-chain yield generation to preserve and grow value amid weakening fiat currencies.

Elsewhere, Western and Eastern Europe both rank top in travel bookings at 37%, with the latter also leading in real estate payments (29%). On the other hand, North America and Oceania show balanced use, with gaming and daily spending at 33%.

Use Cases Across Age Groups

The survey also collected data on the spending habits of different generations. About 39% of Gen Z prefer digital assets for gaming, 35% for gifting, and 29% for entertainment subscriptions. This group values fast, user-friendly, and social payment experiences.

Bitget revealed that 36% of Millennials preferred using on-chain funds to settle travel costs, with 35% favoring it for gaming and digital products. According to the study, this group has largely adopted virtual currencies for both convenience and value, especially in cross-border payments and mobile services.

Gen X used crypto the most in travel bookings, with about 40% reportedly doing it. Some 36% used it for digital product purchases and online shopping. They also use such assets for utility bills (30%) and real estate (30%). This generation focuses more on secure and practical spending, often for larger or essential purchases.

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Bitget Sponsors The Inaugural Crypto Jazz Festival at Montreux https://earlybirdsinvest.com/bitget-sponsors-the-inaugural-crypto-jazz-festival-at-montreux/ https://earlybirdsinvest.com/bitget-sponsors-the-inaugural-crypto-jazz-festival-at-montreux/#respond Sat, 14 Jun 2025 06:50:28 +0000 https://earlybirdsinvest.com/bitget-sponsors-the-inaugural-crypto-jazz-festival-at-montreux/

[PRESS RELEASE – Victoria, Seychelles, June 13th, 2025]

Bitget, the leading cryptocurrency exchange and Web3 company, is proud to announce its participation as the main partner of the inaugural Crypto Jazz Festival, set to take place from July 9 to 12, 2025. This groundbreaking new event is an integral part of the globally renowned Montreux Jazz Festival, the world’s second-largest jazz festival, which annually draws over 250,000 attendees. Bitget’s participation represents a unique opportunity to bridge the innovative, and decentralized nature of cryptocurrencies with the rich heritage, artistic excellence, and global appeal of the Montreux Jazz Festival.

Created in 1967 by Claude Nobs and directed by Mathieu Jaton since 2013, the Montreux Jazz Festival has consistently evolved, generating fantastic stories and legendary performances. Each year, the festival expands its offerings, introducing new experiences to keep pace with evolving trends and audience requests. This year marks the exciting launch of the Crypto Jazz Festival, opening its doors to over 25,000 crypto enthusiasts with completely free access, and featuring panels and special events that fuse pioneering technology with the vibrant pulse of live music.

“On this first edition, we’re particularly excited to partner with Bitget,” said Yannick Fattebert, Co-Founder of the Crypto Jazz Festival. “Our vision for the Crypto Jazz Festival has always been to open up the world of jazz to new audiences, much like the promise of crypto is to open up finance for everyone. Together, we’re not just creating unforgettable melodies; we’re building bridges to a more inclusive and accessible future for all.”

Bitget is proud to join this iconic celebration, forging a unique partnership that resonates with the festival’s spirit of pioneering vision and global community. Just as jazz pushes boundaries and evolves with each performance, the world of cryptocurrency is reshaping financial landscapes, offering new rhythms of possibility.

“Montreux is more than just a festival; it’s a global gathering where music lovers connect, share experiences, and celebrate their shared passion,” said Vugar Usi Zade, COO of Bitget. “This sense of community mirrors the ethos of Bitget, where we strive to build a connected, informed, and empowered community of users who share a vision for a more open financial future. We believe that true value is created when people come together.”

Bitget is leveraging this event to strengthen its bond with its community, offering several exclusive benefits to users. This includes the chance to win tickets to access exclusive concerts, allowing winners to choose from a wide array of renowned artists, including Lionel Richie, Diana Ross, and Raye. Additionally, Whale VIP tickets offering ultra-exclusive access, along with dinner passes and closing party accesses, are among the potential prizes. More information on this exciting initiative can be found here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. It is serving over 100 million users in 150+ countries and regions. It aims to helping users trade smarter with its pioneering copy trading feature and other trading solutions. At the same time, it offers real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet. It offers an array of comprehensive Web3 solutions and features, including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, users can contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.

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Bitget CEO Gracy Chen Warns Hyperliquid Could Be the Next FTX https://earlybirdsinvest.com/bitget-ceo-gracy-chen-warns-hyperliquid-could-be-the-next-ftx/ https://earlybirdsinvest.com/bitget-ceo-gracy-chen-warns-hyperliquid-could-be-the-next-ftx/#respond Sun, 30 Mar 2025 19:18:10 +0000 https://earlybirdsinvest.com/bitget-ceo-gracy-chen-warns-hyperliquid-could-be-the-next-ftx/

An unusual trading event involving the JELLY token on March 26 has led to criticism of the blockchain trading platform Hyperliquid, with Bitget



$1.65B

CEO Gracy Chen raising concerns about how the situation was handled.

The event began when a trader on Hyperliquid opened a $6 million short position on JellyJelly. The same trader later boosted the token’s on-chain price, which caused their position to be liquidated.

In response, Hyperliquid removed its perpetual futures contracts for JELLY and said it would compensate users affected by what it described as “suspicious market activity”.

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While the decision was reportedly approved by the network’s validators, critics pointed out that the group is small, which raises questions about how decentralized the process really is.

Chen said the response showed a lack of professionalism and claimed it could damage long-term trust. She also suggested Hyperliquid could be heading in a similar direction as the failed crypto exchange FTX if such decisions continue. In her view, platforms that appear decentralized but act more like centralized exchanges carry serious risk.

The JELLY token was launched in January by Venmo co-founder Iqram Magdon-Ismail as part of a social Web3 project called JellyJelly. The token reached a $250 million market cap, but quickly dropped to single-digit millions.

Its value briefly surged to around $25 million on March 26 after Binance



$4.38B

introduced its own perpetual futures for JELLY.

On March 25, Crypto.com faced backlash from crypto sleuth ZachXBT after restoring 70 billion Cronos tokens that had been removed in 2021. What did he say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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